Latitude Advisors LLC Has $433,000 Holdings in Oracle Co. (NYSE:ORCL)

Latitude Advisors LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,539 shares of the enterprise software provider’s stock after buying an additional 72 shares during the period. Latitude Advisors LLC’s holdings in Oracle were worth $433,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE:ORCL opened at $170.02 on Friday. The company has a fifty day moving average of $163.43 and a 200-day moving average of $142.08. The firm has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a P/E/G ratio of 3.09 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating 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 net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. Piper Sandler raised their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI raised their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.