C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys 1,952 Shares of Oracle Co. (NYSE:ORCL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Oracle Co. (NYSE:ORCL) by 76.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,496 shares of the enterprise software provider’s stock after purchasing an additional 1,952 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Oracle were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new position in Oracle in the third quarter valued at about $72,000. Gill Capital Partners LLC purchased a new position in shares of Oracle in the third quarter worth approximately $299,000. St. Louis Financial Planners Asset Management LLC grew its position in Oracle by 3.3% during the third quarter. St. Louis Financial Planners Asset Management LLC now owns 14,689 shares of the enterprise software provider’s stock valued at $2,510,000 after buying an additional 465 shares during the period. Talbot Financial LLC purchased a new stake in Oracle during the third quarter valued at approximately $222,000. Finally, Cape ANN Savings Bank raised its position in Oracle by 6.3% in the third quarter. Cape ANN Savings Bank now owns 5,755 shares of the enterprise software provider’s stock worth $981,000 after acquiring an additional 341 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ORCL shares. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. UBS Group lifted their target price on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.42.

Oracle Trading Up 2.2 %

ORCL stock opened at $178.20 on Thursday. The firm has a fifty day moving average price of $149.25 and a 200 day moving average price of $135.86. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The firm has a market cap of $491.09 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. 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 issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given 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 yield of 0.90%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $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 1,146,320 shares of company stock valued at $164,762,400 in the last ninety days. Insiders own 42.80% of the company’s stock.

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.