Raab & Moskowitz Asset Management LLC Acquires 195 Shares of Oracle Co. (NYSE:ORCL)

Raab & Moskowitz Asset Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,427 shares of the enterprise software provider’s stock after buying an additional 195 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Oracle were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Dynamic Advisor Solutions LLC lifted its stake in Oracle by 2.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 20,176 shares of the enterprise software provider’s stock valued at $2,849,000 after buying an additional 396 shares during the period. LVW Advisors LLC increased its stake in shares of Oracle by 20.9% in the 2nd quarter. LVW Advisors LLC now owns 2,364 shares of the enterprise software provider’s stock valued at $334,000 after acquiring an additional 409 shares during the last quarter. Cooper Financial Group raised its position in shares of Oracle by 38.1% in the 2nd quarter. Cooper Financial Group now owns 6,177 shares of the enterprise software provider’s stock valued at $872,000 after acquiring an additional 1,705 shares during the period. Bangor Savings Bank boosted its stake in Oracle by 9.3% during the 2nd quarter. Bangor Savings Bank now owns 1,607 shares of the enterprise software provider’s stock worth $227,000 after acquiring an additional 137 shares during the last quarter. Finally, M&G Plc grew its holdings in Oracle by 19.2% during the second quarter. M&G Plc now owns 1,101,659 shares of the enterprise software provider’s stock valued at $155,334,000 after purchasing an additional 177,317 shares during the period. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ORCL shares. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Barclays raised 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $171.52.

Oracle Stock Performance

Shares of NYSE ORCL opened at $191.69 on Monday. 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 has a 50 day moving average price of $179.36 and a 200 day moving average price of $154.20. The stock has a market capitalization of $531.18 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04.

Oracle (NYSE:ORCL) last released 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. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Analysts predict that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by company 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.