9,163 Shares in Oracle Co. (NYSE:ORCL) Bought by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the third quarter, HoldingsChannel.com reports. The fund purchased 9,163 shares of the enterprise software provider’s stock, valued at approximately $1,561,000. Oracle comprises about 1.1% of Blake Schutter Theil Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. GSA Capital Partners LLP purchased a new stake in Oracle during the first quarter valued at $920,000. Concord Investment Counsel Inc. bought a new position in shares of Oracle in the 1st quarter valued at about $478,000. CFO4Life Group LLC purchased a new position in Oracle in the first quarter worth about $306,000. Empirical Finance LLC increased its stake in Oracle by 4.4% during the first quarter. Empirical Finance LLC now owns 46,347 shares of the enterprise software provider’s stock worth $5,822,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Oracle by 31.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,159 shares of the enterprise software provider’s stock valued at $15,847,000 after purchasing an additional 29,963 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $181.24 on Thursday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $182.10. The company has a 50 day moving average price of $165.58 and a 200 day moving average price of $143.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $502.23 billion, a P/E ratio of 46.71, a PEG ratio of 3.12 and a beta of 1.02.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Monday, September 16th. Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Guggenheim upped their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

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.