Advisors Asset Management Inc. Purchases 16,997 Shares of Oracle Co. (NYSE:ORCL)

Advisors Asset Management Inc. boosted its stake in Oracle Co. (NYSE:ORCL) by 18.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,940 shares of the enterprise software provider’s stock after acquiring an additional 16,997 shares during the period. Advisors Asset Management Inc.’s holdings in Oracle were worth $18,904,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Oracle during the first quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the second quarter valued at approximately $40,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ORCL. Mizuho boosted their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Piper Sandler lifted their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle Stock Performance

Oracle stock opened at $188.90 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a 50 day moving average of $173.72 and a 200-day moving average of $148.08. The stock has a market cap of $523.45 billion, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. 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.