1,961 Shares in Oracle Co. (NYSE:ORCL) Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC bought 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 bought 1,961 shares of the enterprise software provider’s stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. boosted its stake in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Buckley Wealth Management LLC boosted its position in shares of Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 2,870 shares in the last quarter. GAMMA Investing LLC increased its position in Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after buying an additional 7,982 shares in the last quarter. United Asset Strategies Inc. raised its stake in Oracle by 41.7% during the third quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock valued at $3,323,000 after buying an additional 5,737 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in Oracle by 7.5% in the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after acquiring an additional 8,790 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. KeyCorp boosted their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Morgan Stanley increased their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, Evercore ISI lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.7 %

Shares of NYSE:ORCL traded up $1.23 during trading hours on Tuesday, hitting $170.82. The company’s stock had a trading volume of 935,024 shares, compared to its average volume of 8,251,787. The company has a market capitalization of $473.35 billion, a price-to-earnings ratio of 43.71, a P/E/G ratio of 3.13 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s fifty day moving average price is $164.04 and its 200 day moving average price is $142.62.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s dividend payout ratio (DPR) 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.