Alliance Wealth Advisors LLC UT Purchases 210 Shares of Oracle Co. (NYSE:ORCL)

Alliance Wealth Advisors LLC UT grew its position in Oracle Co. (NYSE:ORCLFree Report) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,477 shares of the enterprise software provider’s stock after purchasing an additional 210 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Oracle were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Bancorp Inc. IN grew its position in Oracle by 4.5% during the second quarter. Horizon Bancorp Inc. IN now owns 3,878 shares of the enterprise software provider’s stock valued at $462,000 after buying an additional 166 shares during the period. Trexquant Investment LP bought a new position in Oracle during the second quarter valued at about $27,279,000. Quantum Private Wealth LLC bought a new position in Oracle during the third quarter valued at about $229,000. Kistler Tiffany Companies LLC grew its position in Oracle by 64.2% during the second quarter. Kistler Tiffany Companies LLC now owns 11,548 shares of the enterprise software provider’s stock valued at $1,375,000 after buying an additional 4,515 shares during the period. Finally, Greenfield Savings Bank grew its position in Oracle by 7.8% during the third quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock valued at $957,000 after buying an additional 656 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ORCL. Wolfe Research reduced their price target on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, December 12th. Morgan Stanley cut their target price on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 12th. Edward Jones upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $127.00.

View Our Latest Report on Oracle

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 16,300 shares of Oracle stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 0.8 %

Shares of ORCL opened at $115.74 on Monday. The firm’s 50 day simple moving average is $108.94 and its 200 day simple moving average is $111.41. The company has a market capitalization of $318.16 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.23 and a beta of 1.02. The company has a debt-to-equity ratio of 18.84, a current ratio of 0.79 and a quick ratio of 0.79. Oracle Co. has a 1-year low of $82.04 and a 1-year high of $127.54.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $13.05 billion. Oracle had a net margin of 19.64% and a return on equity of 703.26%. Oracle’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Sell-side analysts forecast that Oracle Co. will post 4.45 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 44.20%.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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