Oracle Co. (NYSE:ORCL) Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,524 shares of the enterprise software provider’s stock after buying an additional 1,062 shares during the period. Prospera Financial Services Inc’s holdings in Oracle were worth $4,181,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new position in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at approximately $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction 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 in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.7 %

Oracle stock opened at $188.90 on Wednesday. The stock has a market cap of $523.45 billion, a PE ratio of 48.69, a P/E/G ratio of 3.39 and a beta of 1.02. 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 stock’s fifty day moving average is $173.72 and its two-hundred day moving average is $148.08. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ORCL shares. KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Mizuho increased their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. DA Davidson boosted their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, UBS Group reissued a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

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.