Encompass Wealth Advisors LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Encompass Wealth Advisors LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,446 shares of the enterprise software provider’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in Oracle by 15.3% in 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 buying an additional 3,300 shares during the last quarter. Buckley Wealth Management LLC increased its position in Oracle by 63.8% during 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 acquiring an additional 2,870 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Oracle by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,709,906 shares of the enterprise software provider’s stock valued at $632,168,000 after acquiring an additional 70,833 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of Oracle by 17.7% in the 3rd quarter. Atria Investments Inc now owns 252,823 shares of the enterprise software provider’s stock worth $43,081,000 after acquiring an additional 38,079 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.2 %

Shares of Oracle stock opened at $189.60 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $525.39 billion, a P/E ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. The firm’s 50 day moving average price is $169.43 and its 200-day moving average price is $145.54. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.50.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ORCL shares. Piper Sandler upped their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Jefferies Financial Group raised their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Citigroup upped their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, Stifel Nicolaus lifted their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.