412 Shares in Oracle Co. (NYSE:ORCL) Bought by Prospera Private Wealth LLC

Prospera Private Wealth LLC bought a new position in Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 412 shares of the enterprise software provider’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new stake in Oracle in the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Citigroup raised their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Mizuho upped their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Guggenheim raised their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus upped their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle Trading Up 1.1 %

ORCL opened at $192.81 on Friday. The stock has a market capitalization of $534.29 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 3.48 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 $196.04. The company has a 50-day simple moving average of $175.02 and a 200 day simple moving average of $148.68.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm 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 company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

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.