2,220 Shares in Oracle Co. (NYSE:ORCL) Acquired by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC purchased a new position in Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,220 shares of the enterprise software provider’s stock, valued at approximately $378,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Rock Investment Company LLC lifted its holdings in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares in the last quarter. W Advisors LLC raised its stake in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares during the period. Versant Capital Management Inc raised its stake in shares of Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares during the period. Oak Ridge Investments LLC raised its stake in shares of Oracle by 3.9% in the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after purchasing an additional 65 shares during the period. Finally, Trust Point Inc. raised its stake in shares of Oracle by 0.5% in the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on ORCL shares. Stifel Nicolaus lifted 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. Royal Bank of Canada started coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target on the stock. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Guggenheim lifted their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, TD Cowen lifted their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Trading Up 1.3 %

Shares of NYSE:ORCL opened at $171.82 on Wednesday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The stock has a market cap of $476.12 billion, a PE ratio of 44.28, a P/E/G ratio of 3.13 and a beta of 1.02. The business has a 50 day moving average of $164.71 and a 200-day moving average of $143.02. 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 issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

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.