Continuum Advisory LLC Has $3.86 Million Stake in Oracle Co. (NYSE:ORCL)

Continuum Advisory LLC lowered its position in Oracle Co. (NYSE:ORCL) by 0.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,644 shares of the enterprise software provider’s stock after selling 117 shares during the period. Continuum Advisory LLC’s holdings in Oracle were worth $3,861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in Oracle in the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter worth $35,000. Quest Partners LLC acquired a new position in Oracle in the 2nd quarter valued at $40,000. Finally, Reston Wealth Management LLC bought a new position in Oracle in the 3rd quarter worth $44,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 2.9 %

ORCL stock opened at $191.69 on Monday. 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 stock has a market capitalization of $531.18 billion, a price-to-earnings ratio of 49.40, a P/E/G ratio of 3.49 and a beta of 1.03. The business has a fifty day moving average price of $179.36 and a 200 day moving average price of $154.20. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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 return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.06 EPS for the current fiscal year.

Insider Activity

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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ORCL. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday. Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Evercore ISI raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.52.

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.