Castle Wealth Management LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Castle Wealth Management LLC lifted its position in Oracle Co. (NYSE:ORCL) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,224 shares of the enterprise software provider’s stock after buying an additional 402 shares during the quarter. Castle Wealth Management LLC’s holdings in Oracle were worth $1,572,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. grew its stake in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Buckley Wealth Management LLC grew its position in shares of Oracle by 63.8% during the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after buying an additional 2,870 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Oracle by 55.7% during the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after buying an additional 7,982 shares during the period. United Asset Strategies Inc. raised its holdings in Oracle by 41.7% in the third quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock valued at $3,323,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in Oracle by 7.5% in the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after acquiring an additional 8,790 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. Finally, Jefferies Financial Group upped their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’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 value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by insiders.

Oracle Stock Performance

Shares of ORCL opened at $181.17 on Thursday. The company has a 50-day moving average of $165.58 and a two-hundred day moving average of $143.29. The stock has a market cap of $502.03 billion, a P/E ratio of 46.71, a PEG ratio of 3.12 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $182.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm 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%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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