Wealthstream Advisors Inc. Acquires 170 Shares of Oracle Co. (NYSE:ORCL)

Wealthstream Advisors Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,887 shares of the enterprise software provider’s stock after purchasing an additional 170 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Oracle were worth $321,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the 2nd quarter worth $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the first quarter worth about $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the second quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

NYSE:ORCL opened at $189.62 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $525.45 billion, a P/E ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. The stock has a 50 day simple moving average of $170.41 and a 200 day simple moving average of $145.85. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77.

Oracle (NYSE:ORCL) last released 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 net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the firm earned $0.95 earnings per share. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle’s dividend payout ratio is presently 41.24%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank of Canada began coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective on the stock. 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. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. BMO Capital Markets boosted their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, Mizuho raised their price target 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. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.