Keudell Morrison Wealth Management Buys 726 Shares of Oracle Co. (NYSE:ORCL)

Keudell Morrison Wealth Management boosted its stake in Oracle Co. (NYSE:ORCL) by 6.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,328 shares of the enterprise software provider’s stock after acquiring an additional 726 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Oracle were worth $1,930,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Oracle during the 1st quarter worth about $38,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter worth about $40,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.1 %

Shares of NYSE ORCL traded up $0.20 during mid-day trading on Thursday, reaching $181.44. 1,240,148 shares of the company’s stock traded hands, compared to its average volume of 8,251,511. The stock has a market cap of $502.78 billion, a P/E ratio of 46.71, a PEG ratio of 3.12 and a beta of 1.02. The business has a 50-day simple moving average of $165.58 and a 200 day simple moving average of $143.29. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $182.10. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick 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, topping 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 business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.88%. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. Royal Bank of Canada initiated coverage on shares of Oracle in a report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. JMP Securities upped their target price 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. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Citigroup upped their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned 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 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.