Waypoint Capital Advisors LLC Has $720,000 Holdings in Oracle Co. (NYSE:ORCL)

Waypoint Capital Advisors LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,225 shares of the enterprise software provider’s stock after buying an additional 119 shares during the quarter. Waypoint Capital Advisors LLC’s holdings in Oracle were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter valued at about $35,000. Alaska Permanent Fund Corp acquired a new position in Oracle during the 1st quarter worth $36,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the first quarter valued at about $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 0.6 %

Shares of NYSE ORCL opened at $174.69 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. 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 company’s 50 day moving average price is $156.29 and its 200-day moving average price is $138.59. The company has a market capitalization of $484.08 billion, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating 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 business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. JMP Securities lifted their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Guggenheim increased their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus lifted their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $168.67.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 42.20% of the company’s stock.

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.