Absher Wealth Management LLC Has $365,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Absher Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,142 shares of the enterprise software provider’s stock after purchasing an additional 101 shares during the quarter. Absher Wealth Management LLC’s holdings in Oracle were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ORCL. Creative Financial Designs Inc. ADV increased its position in shares of Oracle by 1.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,564 shares of the enterprise software provider’s stock worth $948,000 after purchasing an additional 73 shares in the last quarter. Focus Financial Network Inc. grew its stake in Oracle by 2.1% during the third quarter. Focus Financial Network Inc. now owns 10,511 shares of the enterprise software provider’s stock worth $1,791,000 after buying an additional 221 shares during the last quarter. Pacific Sage Partners LLC increased its holdings in shares of Oracle by 3.4% during the third quarter. Pacific Sage Partners LLC now owns 18,361 shares of the enterprise software provider’s stock worth $3,129,000 after buying an additional 596 shares in the last quarter. Hartford Financial Management Inc. raised its stake in shares of Oracle by 5.0% in the third quarter. Hartford Financial Management Inc. now owns 31,455 shares of the enterprise software provider’s stock valued at $5,360,000 after acquiring an additional 1,496 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Oracle by 28.2% in the 3rd quarter. Principal Securities Inc. now owns 35,519 shares of the enterprise software provider’s stock worth $6,052,000 after acquiring an additional 7,811 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

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

Oracle Stock Up 1.6 %

Shares of NYSE:ORCL traded up $2.67 during trading on Friday, hitting $170.51. 892,266 shares of the company’s stock traded hands, compared to its average volume of 8,278,389. The company has a 50-day moving average price of $162.81 and a 200-day moving average price of $141.58. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $472.49 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share 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 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 firm posted $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ORCL shares. Bank of America lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. KeyCorp increased their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle 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.