Oracle Co. (NYSE:ORCL) Shares Bought by Keystone Financial Services

Keystone Financial Services grew its holdings in Oracle Co. (NYSE:ORCL) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,767 shares of the enterprise software provider’s stock after acquiring an additional 790 shares during the period. Oracle comprises approximately 0.8% of Keystone Financial Services’ portfolio, making the stock its 18th largest position. Keystone Financial Services’ holdings in Oracle were worth $2,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Principal Financial Group Inc. grew its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of 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 purchasing an additional 3,300 shares in the last quarter. Buckley Wealth Management LLC increased its holdings in Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after buying an additional 2,870 shares during the last quarter. Atria Investments Inc raised its stake in Oracle by 17.7% in the third quarter. Atria Investments Inc now owns 252,823 shares of the enterprise software provider’s stock valued at $43,081,000 after buying an additional 38,079 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after buying an additional 7,982 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORCL. Royal Bank of Canada began coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective for the company. Morgan Stanley boosted their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Bank of America raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Performance

Shares of NYSE ORCL opened at $189.13 on Tuesday. The company has a 50-day simple moving average of $167.47 and a 200-day simple moving average of $144.51. 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 company has a market cap of $524.09 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.50.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during 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%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 dividend yield of 0.85%. Oracle’s dividend payout ratio is presently 41.24%.

Insider Transactions at Oracle

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

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.