Highline Wealth Partners LLC Invests $2.33 Million in Oracle Co. (NYSE:ORCL)

Highline Wealth Partners LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,654 shares of the enterprise software provider’s stock, valued at approximately $2,327,000.

Several other large investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the 1st quarter worth about $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $173.22 on Wednesday. The firm has a market capitalization of $480.00 billion, a P/E ratio of 44.71, a PEG ratio of 3.20 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year 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 business has a fifty day moving average price of $161.53 and a 200-day moving average price of $141.16.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping 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 the consensus estimate of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Barclays boosted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Evercore ISI raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, JMP Securities raised their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 in the company, 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Company 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.