Martin Capital Advisors LLP Purchases 143 Shares of Oracle Co. (NYSE:ORCL)

Martin Capital Advisors LLP grew its holdings in Oracle Co. (NYSE:ORCL) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,988 shares of the enterprise software provider’s stock after purchasing an additional 143 shares during the period. Oracle comprises approximately 2.1% of Martin Capital Advisors LLP’s holdings, making the stock its 12th largest holding. Martin Capital Advisors LLP’s holdings in Oracle were worth $2,895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in Oracle during the 4th quarter worth $44,000. Fortis Group Advisors LLC raised its holdings in shares of Oracle by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 426 shares of the enterprise software provider’s stock valued at $45,000 after acquiring an additional 213 shares in the last quarter. Willner & Heller LLC purchased a new stake in Oracle in the fourth quarter worth about $297,000. SageView Advisory Group LLC grew its holdings in Oracle by 18.2% during the 4th quarter. SageView Advisory Group LLC now owns 12,812 shares of the enterprise software provider’s stock worth $1,463,000 after acquiring an additional 1,975 shares in the last quarter. Finally, ICA Group Wealth Management LLC increased its position in Oracle by 19.5% during the 4th quarter. ICA Group Wealth Management LLC now owns 3,902 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 636 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. UBS Group boosted their price target on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. BMO Capital Markets raised their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Finally, Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

Oracle Stock Up 0.2 %

Shares of ORCL opened at $175.77 on Monday. The firm has a market cap of $484.40 billion, a P/E ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The stock’s 50 day moving average is $151.64 and its two-hundred day moving average is $136.92. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) 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 analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Analysts predict 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 will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.80% of the stock is owned by company insiders.

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.