Aprio Wealth Management LLC Purchases 209 Shares of Oracle Co. (NYSE:ORCL)

Aprio Wealth Management LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,299 shares of the enterprise software provider’s stock after purchasing an additional 209 shares during the quarter. Aprio Wealth Management LLC’s holdings in Oracle were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Gabelli Funds LLC increased its stake in shares of Oracle by 7.4% in the 4th quarter. Gabelli Funds LLC now owns 7,827 shares of the enterprise software provider’s stock valued at $825,000 after acquiring an additional 541 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of Oracle by 3.7% in the 4th quarter. Regal Investment Advisors LLC now owns 12,518 shares of the enterprise software provider’s stock valued at $1,320,000 after acquiring an additional 448 shares during the last quarter. Bellevue Group AG bought a new stake in shares of Oracle in the 4th quarter valued at about $48,000. Visionary Wealth Advisors increased its stake in shares of Oracle by 29.5% in the 4th quarter. Visionary Wealth Advisors now owns 10,939 shares of the enterprise software provider’s stock valued at $1,153,000 after acquiring an additional 2,494 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $608,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 2.6 %

NYSE ORCL opened at $174.43 on Wednesday. The company has a market cap of $483.36 billion, a PE ratio of 47.02, a PEG ratio of 3.09 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $174.64. The stock has a 50 day moving average of $148.47 and a 200-day moving average of $135.53.

Oracle (NYSE:ORCL) last posted 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 for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 approximately $7,076,685. This trade represents 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 accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,146,320 shares of company stock worth $164,762,400. Company insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ORCL. Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Evercore ISI boosted their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein boosted 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. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Finally, UBS Group boosted their price objective on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

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.