Evermay Wealth Management LLC Purchases 693 Shares of Oracle Co. (NYSE:ORCL)

Evermay Wealth Management LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 15.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,272 shares of the enterprise software provider’s stock after purchasing an additional 693 shares during the period. Evermay Wealth Management LLC’s holdings in Oracle were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the first quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the 2nd quarter worth $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Oracle stock traded up $1.41 during trading on Wednesday, hitting $174.84. The stock had a trading volume of 814,414 shares, compared to its average volume of 8,285,605. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s 50 day moving average is $161.53 and its two-hundred day moving average is $141.16. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock has a market cap of $484.49 billion, a price-to-earnings ratio of 44.71, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. As a group, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.92%. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. Citigroup increased their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. DA Davidson raised their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday, September 16th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.