Atlanta Consulting Group Advisors LLC Invests $1.55 Million in Oracle Co. (NYSE:ORCL)

Atlanta Consulting Group Advisors LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,069 shares of the enterprise software provider’s stock, valued at approximately $1,545,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Fairway Wealth LLC acquired a new position in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle during the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle during the 1st quarter valued at about $38,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $183.74 on Friday. The firm’s fifty day simple moving average is $172.14 and its 200-day simple moving average is $146.83. 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 stock has a market cap of $509.15 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 0.87%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ORCL shares. UBS Group restated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Guggenheim raised their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. 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 note on Monday, September 16th. KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Mizuho boosted 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. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.