Cahill Financial Advisors Inc. Acquires 342 Shares of Oracle Co. (NYSE:ORCL)

Cahill Financial Advisors Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,616 shares of the enterprise software provider’s stock after acquiring an additional 342 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Oracle were worth $616,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares during the period. Chase Investment Counsel Corp bought a new stake in shares of Oracle in the 3rd quarter valued at about $4,160,000. Oppenheimer Asset Management Inc. increased its stake in shares of Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after buying an additional 126,985 shares during the period. Finally, Buckley Wealth Management LLC lifted its stake in shares of Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after acquiring an additional 2,870 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada began coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

NYSE ORCL opened at $192.29 on Monday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04. The firm has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The stock’s fifty day moving average is $175.62 and its two-hundred day moving average is $149.64. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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. 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 analyst estimates of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

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.