Atlanta Consulting Group Advisors LLC Acquires Shares of 9,069 Oracle Co. (NYSE:ORCL)

Atlanta Consulting Group Advisors LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,069 shares of the enterprise software provider’s stock, valued at approximately $1,545,000.

A number of other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the second quarter worth about $35,000. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter worth about $44,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter valued at about $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. DA Davidson raised their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Stifel Nicolaus upped their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Citigroup raised their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Finally, Mizuho upped their price objective 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Down 1.8 %

ORCL stock opened at $183.74 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The stock has a market capitalization of $509.15 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The firm has a 50 day moving average of $172.14 and a 200 day moving average of $146.83.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s payout ratio is 41.24%.

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.