J.W. Cole Advisors Inc. Acquires 9,482 Shares of Oracle Co. (NYSE:ORCL)

J.W. Cole Advisors Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 33.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,156 shares of the enterprise software provider’s stock after acquiring an additional 9,482 shares during the period. J.W. Cole Advisors Inc.’s holdings in Oracle were worth $6,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Oracle by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 185,718 shares of the enterprise software provider’s stock worth $31,646,000 after buying an additional 12,280 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Oracle by 0.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 7,868 shares of the enterprise software provider’s stock worth $1,341,000 after acquiring an additional 69 shares during the last quarter. Goldstein Advisors LLC purchased a new position in shares of Oracle during the 3rd quarter worth about $221,000. Kavar Capital Partners Group LLC bought a new position in Oracle during the 3rd quarter valued at about $201,000. Finally, TCV Trust & Wealth Management Inc. raised its position in Oracle by 2.1% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 25,786 shares of the enterprise software provider’s stock worth $4,394,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ORCL shares. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the firm’s 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 directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Down 0.5 %

ORCL stock traded down $0.86 on Friday, hitting $173.52. 3,674,717 shares of the company’s stock were exchanged, compared to its average volume of 8,360,906. The firm has a 50 day moving average price of $160.15 and a two-hundred day moving average price of $140.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The stock has a market cap of $478.20 billion, a P/E ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for 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%. The company’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 company posted $0.95 earnings per share. As a group, equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 43.13%.

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.