Joel Isaacson & Co. LLC Purchases 461 Shares of Oracle Co. (NYSE:ORCL)

Joel Isaacson & Co. LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,739 shares of the enterprise software provider’s stock after purchasing an additional 461 shares during the period. Joel Isaacson & Co. LLC’s holdings in Oracle were worth $2,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Legacy Wealth Asset Management LLC bought a new stake in shares of Oracle during the third quarter valued at approximately $237,000. Sigma Investment Counselors Inc. grew its position in Oracle by 1.7% in the third quarter. Sigma Investment Counselors Inc. now owns 7,138 shares of the enterprise software provider’s stock valued at $1,216,000 after acquiring an additional 116 shares during the period. Trueblood Wealth Management LLC grew its position in Oracle by 3.6% in the third quarter. Trueblood Wealth Management LLC now owns 12,694 shares of the enterprise software provider’s stock valued at $2,163,000 after acquiring an additional 443 shares during the period. Bank of Stockton grew its position in Oracle by 4.5% in the third quarter. Bank of Stockton now owns 12,661 shares of the enterprise software provider’s stock valued at $2,157,000 after acquiring an additional 541 shares during the period. Finally, Mediolanum International Funds Ltd grew its position in Oracle by 4.2% in the third quarter. Mediolanum International Funds Ltd now owns 112,582 shares of the enterprise software provider’s stock valued at $18,966,000 after acquiring an additional 4,507 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.5 %

NYSE ORCL opened at $173.52 on Friday. The stock has a 50-day simple moving average of $160.15 and a 200 day simple moving average of $140.20. The company has a market capitalization of $478.20 billion, a PE ratio of 46.77, a P/E/G ratio of 3.23 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (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 the consensus estimate of $13.23 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5 EPS for the current 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 issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is presently 43.13%.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. KeyCorp upped their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. JMP Securities upped their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Finally, Barclays boosted their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.80% of the stock is owned by corporate insiders.

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.