Sequoia Financial Advisors LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Sequoia Financial Advisors LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 61.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 210,362 shares of the enterprise software provider’s stock after acquiring an additional 80,293 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Oracle were worth $35,846,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AdvisorNet Financial Inc boosted its stake in shares of Oracle by 2.1% in the first quarter. AdvisorNet Financial Inc now owns 6,481 shares of the enterprise software provider’s stock valued at $814,000 after purchasing an additional 133 shares during the period. Gilman Hill Asset Management LLC bought a new stake in shares of Oracle in the 1st quarter worth about $219,000. Fermata Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter valued at about $381,000. Retirement Planning Group LLC lifted its position in shares of Oracle by 2.6% during the first quarter. Retirement Planning Group LLC now owns 3,888 shares of the enterprise software provider’s stock worth $488,000 after purchasing an additional 97 shares during the last quarter. Finally, Beech Hill Advisors Inc. grew its stake in Oracle by 751.1% in the first quarter. Beech Hill Advisors Inc. now owns 29,788 shares of the enterprise software provider’s stock worth $3,742,000 after purchasing an additional 26,288 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Mizuho increased their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. DA Davidson increased their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Evercore ISI lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value 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 approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is currently owned by insiders.

Oracle Price Performance

Oracle stock traded up $1.26 during mid-day trading on Tuesday, hitting $175.02. The company’s stock had a trading volume of 1,574,664 shares, compared to its average volume of 8,405,792. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The stock’s fifty day moving average price is $157.11 and its two-hundred day moving average price is $139.02. The stock has a market capitalization of $482.33 billion, a P/E ratio of 47.19, a P/E/G ratio of 3.25 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. Research 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. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s payout ratio is currently 43.13%.

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.