Atria Investments Inc Boosts Stake in Oracle Co. (NYSE:ORCL)

Atria Investments Inc increased its stake in shares of Oracle Co. (NYSE:ORCL) by 17.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 252,823 shares of the enterprise software provider’s stock after purchasing an additional 38,079 shares during the period. Oracle makes up approximately 0.5% of Atria Investments Inc’s investment portfolio, making the stock its 28th largest position. Atria Investments Inc’s holdings in Oracle were worth $43,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in Oracle in the 1st quarter valued at approximately $1,669,000. WealthPLAN Partners LLC boosted its position in Oracle by 71.8% in the 1st quarter. WealthPLAN Partners LLC now owns 3,425 shares of the enterprise software provider’s stock valued at $430,000 after buying an additional 1,431 shares during the period. NorthRock Partners LLC boosted its position in Oracle by 24.1% in the 1st quarter. NorthRock Partners LLC now owns 16,593 shares of the enterprise software provider’s stock valued at $2,084,000 after buying an additional 3,221 shares during the period. Meeder Advisory Services Inc. grew its stake in shares of Oracle by 3.8% during the first quarter. Meeder Advisory Services Inc. now owns 26,149 shares of the enterprise software provider’s stock worth $3,285,000 after purchasing an additional 953 shares in the last quarter. Finally, Comgest Global Investors S.A.S. grew its stake in shares of Oracle by 6.2% during the first quarter. Comgest Global Investors S.A.S. now owns 643,812 shares of the enterprise software provider’s stock worth $80,869,000 after purchasing an additional 37,306 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.5 %

Shares of Oracle stock opened at $189.25 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $190.16. 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 company’s 50-day simple moving average is $167.47 and its 200-day simple moving average is $144.10. The firm has a market cap of $524.42 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02.

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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research 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. Stockholders 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 dividend yield of 0.85%. Oracle’s dividend payout ratio is presently 41.24%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Mizuho boosted their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Guggenheim boosted their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Oracle presently 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 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.