IHT Wealth Management LLC Has $3.67 Million Stake in Oracle Co. (NYSE:ORCL)

IHT Wealth Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 35.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,610 shares of the enterprise software provider’s stock after acquiring an additional 5,663 shares during the period. IHT Wealth Management LLC’s holdings in Oracle were worth $3,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ORCL. Fairway Wealth LLC bought a new stake in Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle during the second quarter worth $35,000. Reston Wealth Management LLC bought a new position in Oracle during the third quarter valued at about $44,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.8 %

NYSE:ORCL opened at $182.89 on Wednesday. The company has a market cap of $506.80 billion, a price-to-earnings ratio of 47.14, a P/E/G ratio of 3.34 and a beta of 1.03. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average price is $178.10 and its two-hundred day moving average price is $152.85. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for 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%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Morgan Stanley boosted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. BMO Capital Markets upped their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Finally, Barclays boosted their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $169.52.

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.