Private Wealth Partners LLC Purchases 1,750 Shares of Oracle Co. (NYSE:ORCL)

Private Wealth Partners LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,074 shares of the enterprise software provider’s stock after purchasing an additional 1,750 shares during the quarter. Private Wealth Partners LLC’s holdings in Oracle were worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. BNP Paribas purchased a new position in shares of Oracle during the first quarter valued at about $893,000. Goelzer Investment Management Inc. grew its holdings in shares of Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Graypoint LLC raised its position in shares of Oracle by 12.3% in the 1st quarter. Graypoint LLC now owns 12,039 shares of the enterprise software provider’s stock worth $1,512,000 after acquiring an additional 1,314 shares in the last quarter. Magnolia Capital Advisors LLC lifted its stake in shares of Oracle by 8.3% in the 1st quarter. Magnolia Capital Advisors LLC now owns 6,739 shares of the enterprise software provider’s stock valued at $774,000 after purchasing an additional 518 shares during the period. Finally, Adapt Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $321,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $170.02 on Friday. The stock has a market cap of $471.14 billion, a PE ratio of 43.82, a P/E/G ratio of 3.09 and a beta of 1.02. 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 business’s 50-day simple moving average is $163.43 and its two-hundred day simple moving average is $142.08. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly 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 in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast 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. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Guggenheim lifted their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. JMP Securities raised their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Finally, TD Cowen lifted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

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.