Paladin Wealth LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Paladin Wealth LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent filing with the SEC. The fund acquired 1,037 shares of the enterprise software provider’s stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Smith Chas P & Associates PA Cpas raised its stake in shares of Oracle by 1.1% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 31,604 shares of the enterprise software provider’s stock valued at $5,385,000 after purchasing an additional 339 shares during the period. Martin Capital Advisors LLP grew its holdings in Oracle by 0.8% during the 3rd quarter. Martin Capital Advisors LLP now owns 16,988 shares of the enterprise software provider’s stock valued at $2,895,000 after buying an additional 143 shares in the last quarter. Affiance Financial LLC increased its position in shares of Oracle by 34.0% during the third quarter. Affiance Financial LLC now owns 5,097 shares of the enterprise software provider’s stock valued at $869,000 after buying an additional 1,293 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of Oracle by 8.4% in the third quarter. Armstrong Advisory Group Inc. now owns 10,853 shares of the enterprise software provider’s stock worth $1,849,000 after buying an additional 843 shares in the last quarter. Finally, Selway Asset Management boosted its position in shares of Oracle by 0.3% in the third quarter. Selway Asset Management now owns 38,575 shares of the enterprise software provider’s stock valued at $6,573,000 after acquiring an additional 100 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. This trade 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. Also, EVP Maria Smith sold 6,320 shares of the company’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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ORCL shares. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. Piper Sandler increased their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Bank of America lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Stifel Nicolaus upped their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, UBS Group lifted their price target on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $167.42.

Oracle Stock Performance

NYSE:ORCL opened at $175.94 on Monday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The firm has a market cap of $484.87 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The business has a 50 day moving average price of $151.64 and a 200-day moving average price of $136.92.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share 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 business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.