Perfromance Wealth Partners LLC Increases Holdings in Oracle Co. (NYSE:ORCL)

Perfromance Wealth Partners LLC grew its position in Oracle Co. (NYSE:ORCL) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 185,981 shares of the enterprise software provider’s stock after buying an additional 6,001 shares during the period. Oracle makes up about 1.1% of Perfromance Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. Perfromance Wealth Partners LLC’s holdings in Oracle were worth $31,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth $27,000. Westend Capital Management LLC bought a new stake in Oracle during the first quarter worth approximately $25,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter valued at $35,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $40,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was 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 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 disclosure for this sale can be found here. Insiders have sold 1,146,320 shares of company stock valued at $164,762,400 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ORCL shares. Citigroup raised their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. UBS Group increased their price target on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler lifted their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Trading Up 0.2 %

Oracle stock traded up $0.36 during trading on Friday, hitting $175.77. The company had a trading volume of 5,869,413 shares, compared to its average volume of 8,534,808. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company’s 50 day simple moving average is $151.64 and its 200-day simple moving average is $136.77. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The stock has a market cap of $487.07 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during 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%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. As a group, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Oracle Company 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.