Dopkins Wealth Management LLC Invests $1.19 Million in Oracle Co. (NYSE:ORCL)

Dopkins Wealth Management LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,000 shares of the enterprise software provider’s stock, valued at approximately $1,193,000. Oracle makes up approximately 1.0% of Dopkins Wealth Management LLC’s portfolio, making the stock its 16th largest holding.

Several other institutional investors have also recently made changes to their positions in ORCL. Huntington National Bank increased its position in Oracle by 26.5% during the 3rd quarter. Huntington National Bank now owns 499,577 shares of the enterprise software provider’s stock valued at $85,128,000 after buying an additional 104,769 shares in the last quarter. Summit Asset Management LLC increased its position in Oracle by 5.6% during the 3rd quarter. Summit Asset Management LLC now owns 3,384 shares of the enterprise software provider’s stock valued at $577,000 after buying an additional 180 shares in the last quarter. Plato Investment Management Ltd increased its position in Oracle by 8.0% during the 3rd quarter. Plato Investment Management Ltd now owns 36,600 shares of the enterprise software provider’s stock valued at $6,230,000 after buying an additional 2,726 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its position in Oracle by 32.7% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 75,891 shares of the enterprise software provider’s stock valued at $12,932,000 after buying an additional 18,700 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its stake in Oracle by 19.1% during the 3rd quarter. Kovack Advisors Inc. now owns 11,940 shares of the enterprise software provider’s stock valued at $2,035,000 after purchasing an additional 1,919 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORCL. KeyCorp increased their target price on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Stifel Nicolaus increased their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, UBS Group reiterated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity

In related 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 owns 42,889 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $189.62 on Thursday. Oracle Co. has a one year low of $99.26 and a one year high of $191.77. The stock’s fifty day moving average is $169.43 and its 200 day moving average is $145.54. The stock has a market cap of $525.45 billion, a P/E ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

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

Oracle Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s dividend payout ratio is presently 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.