SFG Wealth Management LLC. Makes New $266,000 Investment in Oracle Co. (NYSE:ORCL)

SFG Wealth Management LLC. purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the third quarter, HoldingsChannel reports. The institutional investor purchased 1,563 shares of the enterprise software provider’s stock, valued at approximately $266,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the second quarter valued at approximately $35,000. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter valued at $44,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at about $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction 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 directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada started coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price for the company. Barclays lifted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Trading Up 1.2 %

Shares of ORCL stock traded up $2.23 on Friday, hitting $188.60. The stock had a trading volume of 1,305,704 shares, compared to its average volume of 8,251,401. 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 has a market capitalization of $522.62 billion, a P/E ratio of 48.02, a P/E/G ratio of 3.12 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $188.85. The company’s 50 day moving average price is $165.58 and its 200-day moving average price is $143.29.

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 return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. Oracle’s dividend payout ratio is presently 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.