Oracle Co. (NYSE:ORCL) Shares Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 16,382 shares of the enterprise software provider’s stock after buying an additional 87 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Oracle were worth $2,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the first quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.7 %

NYSE ORCL opened at $174.64 on Thursday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $483.94 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. The company’s fifty day moving average price is $162.22 and its two-hundred day moving average price is $141.39.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 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 for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given 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 0.92%. Oracle’s payout ratio is currently 41.24%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein boosted their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada started coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. KeyCorp upped their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group upped their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price 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.