Oracle Co. (NYSE:ORCL) Shares Acquired by Platte River Wealth Advisors LLC

Platte River Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 11.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,875 shares of the enterprise software provider’s stock after acquiring an additional 300 shares during the quarter. Platte River Wealth Advisors LLC’s holdings in Oracle were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Contour Asset Management LLC grew its holdings in shares of Oracle by 41.5% during the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares during the last quarter. Hancock Whitney Corp grew its stake in Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares during the period. Goelzer Investment Management Inc. lifted its stake in Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after buying an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after acquiring an additional 7,982 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL traded down $0.89 on Monday, reaching $169.97. The stock had a trading volume of 6,297,156 shares, compared to its average volume of 8,560,459. The firm has a 50-day moving average of $147.84 and a 200 day moving average of $135.24. The firm has a market capitalization of $471.00 billion, a PE ratio of 45.87, a PEG ratio of 3.09 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99. 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 (NYSE:ORCL) last announced its quarterly 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. 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 quarter last year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORCL. Argus upped their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Stifel Nicolaus increased their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group increased their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Insider Buying and Selling

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock worth $225,338,245 in the last ninety days. Insiders own 42.80% 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.