CHB Investment Group LLC Buys New Position in Oracle Co. (NYSE:ORCL)

CHB Investment Group LLC purchased 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 Securities and Exchange Commission (SEC). The firm purchased 1,443 shares of the enterprise software provider’s stock, valued at approximately $246,000.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. Westend Capital Management LLC acquired a new stake in shares of Oracle during the first quarter worth about $25,000. POM Investment Strategies LLC purchased a new stake in Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the 2nd quarter worth approximately $35,000. Finally, Quest Partners LLC purchased a new position in Oracle during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.1 %

Shares of ORCL stock opened at $175.51 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average is $155.43 and its two-hundred day moving average is $138.15. The firm has a market capitalization of $483.68 billion, a P/E ratio of 47.34, a PEG ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly 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 firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ORCL shares. Piper Sandler increased their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a report on Tuesday, September 10th. DA Davidson raised their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, TD Cowen upped their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $167.42.

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 stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle 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.