Focus Financial Network Inc. Acquires 221 Shares of Oracle Co. (NYSE:ORCL)

Focus Financial Network Inc. increased its holdings in Oracle Co. (NYSE:ORCL) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,511 shares of the enterprise software provider’s stock after buying an additional 221 shares during the period. Focus Financial Network Inc.’s holdings in Oracle were worth $1,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Pacific Sage Partners LLC raised its stake in Oracle by 3.4% in the third quarter. Pacific Sage Partners LLC now owns 18,361 shares of the enterprise software provider’s stock worth $3,129,000 after buying an additional 596 shares in the last quarter. Hartford Financial Management Inc. increased its position in shares of Oracle by 5.0% during the third quarter. Hartford Financial Management Inc. now owns 31,455 shares of the enterprise software provider’s stock worth $5,360,000 after purchasing an additional 1,496 shares in the last quarter. Principal Securities Inc. increased its position in shares of Oracle by 28.2% during the third quarter. Principal Securities Inc. now owns 35,519 shares of the enterprise software provider’s stock worth $6,052,000 after purchasing an additional 7,811 shares in the last quarter. Stephens Inc. AR increased its position in shares of Oracle by 53.1% during the third quarter. Stephens Inc. AR now owns 69,686 shares of the enterprise software provider’s stock worth $11,875,000 after purchasing an additional 24,174 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its position in shares of Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. JMP Securities upped their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Up 1.3 %

ORCL stock opened at $170.02 on Friday. The firm has a market cap of $471.14 billion, a P/E ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company’s 50-day simple moving average is $163.43 and its 200-day simple moving average is $141.93. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.