MinichMacGregor Wealth Management LLC Acquires Shares of 1,961 Oracle Co. (NYSE:ORCL)

MinichMacGregor Wealth Management LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,961 shares of the enterprise software provider’s stock, valued at approximately $334,000.

A number of other large investors also recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in Oracle by 2.3% in the 1st quarter. Jennison Associates LLC now owns 208,587 shares of the enterprise software provider’s stock worth $26,201,000 after purchasing an additional 4,709 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Oracle in the first quarter valued at about $920,000. Wellington Shields Capital Management LLC increased its stake in shares of Oracle by 7.7% during the first quarter. Wellington Shields Capital Management LLC now owns 1,395 shares of the enterprise software provider’s stock worth $175,000 after purchasing an additional 100 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Oracle by 47.8% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,083 shares of the enterprise software provider’s stock worth $639,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Oracle by 568.3% in the 1st quarter. Larson Financial Group LLC now owns 12,705 shares of the enterprise software provider’s stock valued at $1,596,000 after buying an additional 10,804 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the business’s 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is owned by insiders.

Oracle Stock Up 0.7 %

Shares of Oracle stock traded up $1.23 during trading on Tuesday, hitting $170.82. 935,024 shares of the stock were exchanged, compared to its average volume of 8,251,787. The firm’s 50-day moving average price is $164.04 and its 200 day moving average price is $142.62. The stock has a market cap of $473.35 billion, a price-to-earnings ratio of 43.71, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. 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 (NYSE:ORCL) last released its quarterly earnings data 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 earnings per share 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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Bank of America upped their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.52.

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.