Focus Financial Network Inc. Acquires 221 Shares of Oracle Co. (NYSE:ORCL)

Focus Financial Network Inc. boosted its holdings in Oracle Co. (NYSE:ORCL) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,511 shares of the enterprise software provider’s stock after acquiring an additional 221 shares during the quarter. Focus Financial Network Inc.’s holdings in Oracle were worth $1,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Oracle by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 358,379 shares of the enterprise software provider’s stock valued at $45,016,000 after buying an additional 26,478 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Oracle by 6.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,739 shares of the enterprise software provider’s stock valued at $5,117,000 after buying an additional 2,317 shares during the period. BW Gestao de Investimentos Ltda. lifted its holdings in shares of Oracle by 21.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 342,531 shares of the enterprise software provider’s stock valued at $43,025,000 after buying an additional 61,000 shares during the period. Tobam raised its holdings in Oracle by 95.2% in the 1st quarter. Tobam now owns 52,431 shares of the enterprise software provider’s stock worth $6,586,000 after purchasing an additional 25,570 shares during the period. Finally, BNP Paribas bought a new position in Oracle in the 1st quarter worth $893,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 1.3 %

Shares of NYSE ORCL opened at $170.02 on Friday. The business’s 50 day moving average is $163.43 and its two-hundred day moving average is $141.93. 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. The stock has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Bank of America raised their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Barclays raised their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction of $1,042,800.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.20% of the company’s stock.

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.