Oracle Co. (NYSE:ORCL) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,458 shares of the enterprise software provider’s stock after purchasing an additional 630 shares during the period. Brookstone Capital Management’s holdings in Oracle were worth $4,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new stake in Oracle during the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Oracle in the 1st quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,146,320 shares of company stock worth $164,762,400 over the last quarter. 42.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Guggenheim upped their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Price Performance

NYSE:ORCL opened at $175.51 on Friday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a market capitalization of $483.68 billion, a price-to-earnings ratio of 47.23, a PEG ratio of 3.09 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 company has a 50-day moving average of $150.03 and a 200-day moving average of $136.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is presently 43.13%.

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.