Argonautica Private Wealth Management Inc. Raises Position in Oracle Co. (NYSE:ORCL)

Argonautica Private Wealth Management Inc. boosted its stake in Oracle Co. (NYSE:ORCL) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,763 shares of the enterprise software provider’s stock after buying an additional 247 shares during the period. Oracle accounts for approximately 1.7% of Argonautica Private Wealth Management Inc.’s portfolio, making the stock its 11th largest position. Argonautica Private Wealth Management Inc.’s holdings in Oracle were worth $5,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Oracle in the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle during the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ORCL shares. Royal Bank of Canada started coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective for the company. Mizuho lifted their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Guggenheim lifted their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Finally, Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Up 1.3 %

Shares of ORCL traded up $2.18 during mid-day trading on Friday, hitting $170.02. The company’s stock had a trading volume of 5,680,595 shares, compared to its average volume of 8,302,456. The company’s 50-day moving average is $163.43 and its 200-day moving average is $141.93. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The firm has a market capitalization of $471.14 billion, a price-to-earnings ratio of 43.82, a PEG 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.

Oracle (NYSE:ORCL) last announced 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 net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s payout ratio is 41.24%.

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.