Avestar Capital LLC Purchases 504 Shares of Oracle Co. (NYSE:ORCL)

Avestar Capital LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,570 shares of the enterprise software provider’s stock after buying an additional 504 shares during the period. Avestar Capital LLC’s holdings in Oracle were worth $1,801,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle during the second quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the second quarter worth about $35,000. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter worth about $44,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter valued at about $40,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORCL shares. Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI raised their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Bank of America lifted their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Guggenheim increased their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group restated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Trading Up 0.4 %

Shares of NYSE:ORCL opened at $188.69 on Tuesday. The business’s 50-day moving average is $175.98 and its 200 day moving average is $150.14. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The firm has a market capitalization of $522.87 billion, a P/E ratio of 48.48, a P/E/G ratio of 3.54 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm 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%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid 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 0.85%. Oracle’s payout ratio is currently 41.24%.

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.