Pin Oak Investment Advisors Inc. Buys 492 Shares of Oracle Co. (NYSE:ORCL)

Pin Oak Investment Advisors Inc. increased its holdings in Oracle Co. (NYSE:ORCL) by 41.3% during the 3rd quarter, Holdings Channel reports. The firm owned 1,683 shares of the enterprise software provider’s stock after buying an additional 492 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Oracle were worth $286,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle during the first quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle in the 2nd quarter worth $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ORCL. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Evercore ISI lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Price Performance

NYSE:ORCL opened at $182.76 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s 50-day moving average price is $176.80 and its 200-day moving average price is $150.89. The stock has a market capitalization of $506.44 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 3.46 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company earned $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Oracle’s dividend payout ratio is presently 41.24%.

Insider Activity

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 transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.20% 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.