ASB Consultores LLC Purchases 117 Shares of Oracle Co. (NYSE:ORCL)

ASB Consultores LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,664 shares of the enterprise software provider’s stock after purchasing an additional 117 shares during the period. ASB Consultores LLC’s holdings in Oracle were worth $965,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth $35,000. Reston Wealth Management LLC purchased a new position in Oracle during the third quarter valued at $44,000. Finally, Quest Partners LLC bought a new stake in Oracle in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ORCL. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Barclays boosted their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Price Performance

Oracle stock opened at $169.59 on Tuesday. 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 stock has a market cap of $469.94 billion, a price-to-earnings ratio of 43.71, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. The firm has a 50-day moving average of $164.04 and a two-hundred day moving average of $142.62. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

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.