Moody Lynn & Lieberson LLC Boosts Stake in Oracle Co. (NYSE:ORCL)

Moody Lynn & Lieberson LLC raised its position in Oracle Co. (NYSE:ORCL) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,232 shares of the enterprise software provider’s stock after purchasing an additional 214 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Oracle were worth $1,914,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter worth about $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the first quarter valued at approximately $38,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the first quarter valued at approximately $40,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. JMP Securities increased their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Citigroup increased their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Trading Up 0.7 %

Shares of Oracle stock opened at $174.38 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a fifty day moving average price of $158.68 and a 200 day moving average price of $139.61. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock has a market cap of $483.22 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio is presently 41.24%.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.