Financial Advocates Investment Management Increases Stake in Oracle Co. (NYSE:ORCL)

Financial Advocates Investment Management raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 16.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,141 shares of the enterprise software provider’s stock after acquiring an additional 885 shares during the quarter. Financial Advocates Investment Management’s holdings in Oracle were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ORCL. Barclays raised their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Morgan Stanley upped their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Up 1.3 %

ORCL opened at $170.02 on Friday. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. 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 business has a 50 day simple moving average of $163.43 and a two-hundred day simple moving average of $141.93. The firm has a market capitalization of $471.14 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Oracle Company Profile

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.