Highline Wealth Partners LLC Purchases New Holdings in Oracle Co. (NYSE:ORCL)

Highline Wealth Partners LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,654 shares of the enterprise software provider’s stock, valued at approximately $2,327,000.

Other hedge funds and other institutional investors have also made changes to their positions 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 bought a new stake in Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new stake in Oracle in the 2nd quarter valued at $40,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 0.1 %

Shares of ORCL stock opened at $173.22 on Wednesday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The stock’s fifty day simple moving average is $161.53 and its 200 day simple moving average is $141.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $480.00 billion, a P/E ratio of 44.71, a P/E/G ratio of 3.20 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is 41.24%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $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 accessible through this link. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. Guggenheim boosted their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Finally, KeyCorp lifted their target price on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.