Salomon & Ludwin LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Salomon & Ludwin LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,916 shares of the enterprise software provider’s stock after purchasing an additional 120 shares during the quarter. Salomon & Ludwin LLC’s holdings in Oracle were worth $5,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle during the first quarter valued at $38,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the 1st quarter worth about $40,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Stock Down 0.5 %

ORCL opened at $173.52 on Monday. The stock has a market cap of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. 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 firm’s fifty day moving average is $160.15 and its 200 day moving average is $140.45. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating 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 business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s payout ratio is 43.13%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. UBS Group restated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Jefferies Financial Group lifted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. JMP Securities upped their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Finally, Evercore ISI raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

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.