Empowered Funds LLC Buys 2,785 Shares of Oracle Co. (NYSE:ORCL)

Empowered Funds LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 75,038 shares of the enterprise software provider’s stock after acquiring an additional 2,785 shares during the period. Empowered Funds LLC’s holdings in Oracle were worth $12,786,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Eagle Rock Investment Company LLC lifted its holdings in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. W Advisors LLC lifted its stake in Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc grew its holdings in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares in the last quarter. Oak Ridge Investments LLC increased its position in Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after purchasing an additional 65 shares during the period. Finally, Trust Point Inc. raised its holdings in shares of Oracle by 0.5% in the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling 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 stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ORCL. BMO Capital Markets increased their price objective 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. Morgan Stanley increased their target price on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Finally, Sanford C. Bernstein lifted their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Down 1.0 %

Shares of ORCL stock opened at $185.22 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The firm has a market capitalization of $513.26 billion, a PE ratio of 48.22, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $170.41 and its 200-day simple moving average is $145.85.

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, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

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.