Oracle Co. (NYSE:ORCL) Stake Boosted by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 25.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,026 shares of the enterprise software provider’s stock after purchasing an additional 4,013 shares during the period. Great Valley Advisor Group Inc.’s holdings in Oracle were worth $3,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Oracle in the second quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter valued at $35,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at $44,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle during the second quarter valued at $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.1 %

Shares of NYSE ORCL opened at $192.29 on Monday. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a 50-day moving average price of $175.62 and a two-hundred day moving average price of $149.64.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued 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 0.83%. Oracle’s dividend payout ratio is 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the firm’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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Evercore ISI raised their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Barclays lifted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.