Biltmore Family Office LLC Has $2.71 Million Holdings in Oracle Co. (NYSE:ORCL)

Biltmore Family Office LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,878 shares of the enterprise software provider’s stock after selling 290 shares during the period. Biltmore Family Office LLC’s holdings in Oracle were worth $2,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the first quarter valued at $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle during the second quarter worth $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Evercore ISI raised their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Citigroup upped their price objective 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 equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Performance

ORCL opened at $192.81 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a market cap of $534.29 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 3.48 and a beta of 1.02. The company’s fifty day moving average price is $175.02 and its two-hundred day moving average price is $148.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s payout ratio is 41.24%.

Insider Activity 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 stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is currently owned by insiders.

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.