Raab & Moskowitz Asset Management LLC Has $413,000 Stake in Oracle Co. (NYSE:ORCL)

Raab & Moskowitz Asset Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the enterprise software provider’s stock after purchasing an additional 195 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Oracle were worth $413,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Finally, Quest Partners LLC bought a new position in Oracle in the second quarter valued at approximately $40,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 2.9 %

Oracle stock opened at $191.69 on Monday. The firm has a market cap of $531.18 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 3.49 and a beta of 1.03. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. 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 firm has a 50 day moving average price of $179.36 and a two-hundred day moving average price of $154.20.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during 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 last year, the firm earned $0.95 earnings per share. Equities analysts predict that Oracle Co. will post 5.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler boosted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Citigroup raised their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus upped their price objective 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. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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.