1,270 Shares in Oracle Co. (NYSE:ORCL) Acquired by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. bought a new position in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,270 shares of the enterprise software provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $35,000. Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. Evercore ISI lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Morgan Stanley lifted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Stock Up 0.5 %

Shares of NYSE:ORCL traded up $0.79 on Tuesday, reaching $174.55. The company had a trading volume of 1,229,973 shares, compared to its average volume of 8,404,102. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The stock has a 50-day moving average price of $157.11 and a 200 day moving average price of $139.02. The stock has a market capitalization of $481.04 billion, a P/E ratio of 47.19, a P/E/G ratio of 3.25 and a beta of 1.01. 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 (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share 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 analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. 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. Corporate insiders own 42.80% of the company’s stock.

About Oracle

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.