X Square Capital LLC Invests $628,000 in Oracle Co. (NYSE:ORCL)

X Square Capital LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,685 shares of the enterprise software provider’s stock, valued at approximately $628,000.

A number of other institutional investors also recently modified their holdings of ORCL. Sunbelt Securities Inc. raised its position in shares of Oracle by 4.8% during the first quarter. Sunbelt Securities Inc. now owns 7,758 shares of the enterprise software provider’s stock worth $974,000 after purchasing an additional 357 shares during the period. Brookstone Capital Management raised its position in shares of Oracle by 13.1% during the first quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after purchasing an additional 2,383 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Oracle during the first quarter worth approximately $53,000. Sovereign Financial Group Inc. raised its position in Oracle by 12.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,657 shares of the enterprise software provider’s stock valued at $459,000 after buying an additional 413 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in Oracle in the 1st quarter valued at $88,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ORCL shares. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, Piper Sandler increased their price target on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the business’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 sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL opened at $173.10 on Thursday. The company has a market cap of $479.67 billion, a PE ratio of 44.61, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. 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 50-day moving average price of $158.68 and a 200-day moving average price of $139.61. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm 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 company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS. As a group, equities analysts forecast 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. Investors of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. 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.