NovaPoint Capital LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

NovaPoint Capital LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,812 shares of the enterprise software provider’s stock after purchasing an additional 904 shares during the quarter. Oracle makes up about 1.4% of NovaPoint Capital LLC’s holdings, making the stock its 21st biggest holding. NovaPoint Capital LLC’s holdings in Oracle were worth $4,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. raised its stake in Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. raised its position in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after purchasing an additional 7,982 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after purchasing an additional 8,790 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in Oracle by 91.7% in the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock worth $1,730,000 after purchasing an additional 6,587 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.5 %

ORCL stock opened at $174.72 on Friday. The company has a market cap of $484.16 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 3.25 and a beta of 1.01. 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 business’s 50-day moving average is $156.29 and its two-hundred day moving average is $138.49. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Insiders Place Their Bets

In other 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ORCL shares. Guggenheim raised their price objective on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. BMO Capital Markets lifted their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Bank of America upped their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Company 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.