WD Rutherford LLC Has $362,000 Holdings in Oracle Co. (NYSE:ORCL)

WD Rutherford LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 11.5% in the third quarter, Holdings Channel reports. The firm owned 2,122 shares of the enterprise software provider’s stock after purchasing an additional 219 shares during the quarter. WD Rutherford LLC’s holdings in Oracle were worth $362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the 1st quarter valued at about $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the second quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. JMP Securities increased their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Finally, TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Trading Up 0.6 %

Shares of NYSE ORCL opened at $173.49 on Wednesday. The firm has a 50 day moving average price of $161.53 and a two-hundred day moving average price of $141.16. The stock has a market cap of $480.74 billion, a P/E ratio of 44.71, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. 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.

Oracle (NYSE:ORCL) last released 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 return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s payout ratio is 41.24%.

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.