Aaron Wealth Advisors LLC Grows Position in Oracle Co. (NYSE:ORCL)

Aaron Wealth Advisors LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,272 shares of the enterprise software provider’s stock after purchasing an additional 1,160 shares during the period. Aaron Wealth Advisors LLC’s holdings in Oracle were worth $2,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Massmutual Trust Co. FSB ADV lifted its position in Oracle by 76.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 12,838 shares of the enterprise software provider’s stock valued at $1,613,000 after purchasing an additional 5,560 shares in the last quarter. Alaska Permanent Fund Corp purchased a new position in shares of Oracle in the first quarter valued at about $36,000. Park Avenue Securities LLC lifted its position in shares of Oracle by 2.5% in the first quarter. Park Avenue Securities LLC now owns 22,071 shares of the enterprise software provider’s stock valued at $2,772,000 after acquiring an additional 548 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Oracle in the first quarter valued at about $278,000. Finally, BTC Capital Management Inc. purchased a new position in shares of Oracle in the first quarter valued at about $835,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ORCL shares. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets boosted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Barclays raised their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, Piper Sandler raised their price target on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Down 0.0 %

NYSE ORCL traded down $0.04 during trading on Friday, hitting $175.64. The stock had a trading volume of 978,299 shares, compared to its average volume of 8,440,525. 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 has a market capitalization of $484.04 billion, a price-to-earnings ratio of 47.34, a P/E/G ratio of 3.29 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The stock has a 50 day simple moving average of $155.43 and a 200 day simple moving average of $138.15.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

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.