Element Wealth LLC Acquires 157 Shares of Oracle Co. (NYSE:ORCL)

Element Wealth LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,116 shares of the enterprise software provider’s stock after buying an additional 157 shares during the quarter. Element Wealth LLC’s holdings in Oracle were worth $360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the 2nd 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 stake in Oracle during the 1st quarter worth approximately $38,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Royal Bank of Canada initiated coverage on shares of Oracle in a research note on Wednesday. They issued a “sector perform” rating and a $165.00 target price for the company. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. DA Davidson lifted their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of the firm’s 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 in the company, valued at $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 is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.7 %

NYSE ORCL opened at $174.38 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s 50 day moving average is $158.68 and its two-hundred day moving average is $139.61. The company has a market capitalization of $483.22 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

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.