Forte Capital LLC ADV Purchases 209 Shares of Oracle Co. (NYSE:ORCL)

Forte Capital LLC ADV raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,302 shares of the enterprise software provider’s stock after buying an additional 209 shares during the period. Forte Capital LLC ADV’s holdings in Oracle were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after buying an additional 1,514,569 shares in the last quarter. Capital World Investors boosted its stake in Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after purchasing an additional 424,500 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $181.24 on Thursday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $182.10. The stock has a fifty day moving average of $165.58 and a 200-day moving average of $143.29. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $502.23 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. BMO Capital Markets boosted their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.