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

Narwhal Capital Management boosted its position in Oracle Co. (NYSE:ORCL) by 86.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,544 shares of the enterprise software provider’s stock after acquiring an additional 3,504 shares during the quarter. Narwhal Capital Management’s holdings in Oracle were worth $1,285,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle in the second quarter valued at approximately $35,000. Quest Partners LLC purchased a new position in Oracle in the second quarter valued at approximately $40,000. Finally, Avondale Wealth Management acquired a new stake in Oracle during the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Mizuho lifted their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upped their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Piper Sandler increased their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.9 %

Oracle stock opened at $175.33 on Wednesday. The stock’s 50 day moving average price is $157.93 and its 200 day moving average price is $139.38. The company has a market cap of $485.85 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61.

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. 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 analysts’ expectations of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s payout ratio is 41.24%.

About Oracle

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.