Captrust Financial Advisors Grows Stock Position in Oracle Co. (NYSE:ORCL)

Captrust Financial Advisors lifted its stake in Oracle Co. (NYSE:ORCL) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 807,709 shares of the enterprise software provider’s stock after purchasing an additional 14,882 shares during the period. Captrust Financial Advisors’ holdings in Oracle were worth $137,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle during the 2nd quarter worth about $35,000. Quest Partners LLC purchased a new stake in Oracle during the 2nd quarter worth about $40,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth about $44,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 4.0 %

Shares of NYSE ORCL opened at $182.70 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The firm has a 50-day moving average price of $177.10 and a 200 day moving average price of $151.11. The stock has a market capitalization of $506.27 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced 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 net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Analysts Set New Price Targets

A number of analysts have recently commented on ORCL shares. Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. TD Cowen lifted their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Bank of America lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Piper Sandler lifted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the business’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 value 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 $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

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.