Wealth Alliance Advisory Group LLC Increases Position in Oracle Co. (NYSE:ORCL)

Wealth Alliance Advisory Group LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,360 shares of the enterprise software provider’s stock after acquiring an additional 1,113 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Oracle were worth $2,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Waypoint Capital Advisors LLC increased its holdings in Oracle by 2.9% during the third quarter. Waypoint Capital Advisors LLC now owns 4,225 shares of the enterprise software provider’s stock worth $720,000 after buying an additional 119 shares during the last quarter. Warren Street Wealth Advisors LLC grew its position in shares of Oracle by 5.4% during the 3rd quarter. Warren Street Wealth Advisors LLC now owns 5,332 shares of the enterprise software provider’s stock valued at $909,000 after acquiring an additional 271 shares during the period. WestHill Financial Advisors Inc. purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $211,000. Whitaker Myers Wealth Managers LTD. raised its holdings in shares of Oracle by 30.0% in the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 2,798 shares of the enterprise software provider’s stock worth $477,000 after purchasing an additional 645 shares during the period. Finally, Alta Wealth Advisors LLC lifted its stake in Oracle by 46.6% in the third quarter. Alta Wealth Advisors LLC now owns 3,784 shares of the enterprise software provider’s stock valued at $645,000 after purchasing an additional 1,203 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 0.6 %

Shares of ORCL opened at $174.69 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The company has a market capitalization of $484.08 billion, a P/E ratio of 45.02, 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 current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $156.29 and its 200 day simple moving average is $138.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm 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 posted $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. BMO Capital Markets boosted their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Evercore ISI increased their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Citigroup boosted their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $168.67.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.