Tradition Wealth Management LLC Acquires 97 Shares of Oracle Co. (NYSE:ORCL)

Tradition Wealth Management LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,099 shares of the enterprise software provider’s stock after buying an additional 97 shares during the quarter. Tradition Wealth Management LLC’s holdings in Oracle were worth $869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acropolis Investment Management LLC boosted its holdings in shares of Oracle by 24.3% during the 3rd quarter. Acropolis Investment Management LLC now owns 1,714 shares of the enterprise software provider’s stock valued at $292,000 after acquiring an additional 335 shares in the last quarter. L.M. Kohn & Company grew its holdings in shares of Oracle by 3.0% during the third quarter. L.M. Kohn & Company now owns 18,091 shares of the enterprise software provider’s stock worth $3,083,000 after purchasing an additional 532 shares during the last quarter. Kolinsky Wealth Management LLC raised its holdings in Oracle by 11.6% in the 3rd quarter. Kolinsky Wealth Management LLC now owns 2,793 shares of the enterprise software provider’s stock valued at $476,000 after buying an additional 290 shares during the last quarter. Point72 Europe London LLP acquired a new stake in Oracle during the 3rd quarter worth approximately $12,423,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Oracle by 18.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,281,513 shares of the enterprise software provider’s stock worth $218,370,000 after acquiring an additional 200,116 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $184.84 on Monday. The firm has a market capitalization of $512.20 billion, a P/E ratio of 47.64, a P/E/G ratio of 3.41 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The stock has a 50 day moving average price of $177.45 and a two-hundred day moving average price of $152.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. DA Davidson raised their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley boosted their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle 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.