Oracle Co. (NYSE:ORCL) Shares Purchased by Fullcircle Wealth LLC

Fullcircle Wealth LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 34.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,008 shares of the enterprise software provider’s stock after acquiring an additional 3,349 shares during the quarter. Oracle accounts for about 1.0% of Fullcircle Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Fullcircle Wealth LLC’s holdings in Oracle were worth $2,243,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. lifted its holdings in Oracle by 15.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. raised its holdings in shares of Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Buckley Wealth Management LLC raised its holdings in shares of Oracle by 63.8% during the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after acquiring an additional 2,870 shares during the period. GAMMA Investing LLC raised its holdings in shares of Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after acquiring an additional 7,982 shares during the period. Finally, Wesbanco Bank Inc. raised its holdings in shares of Oracle by 7.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after acquiring an additional 8,790 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, 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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. Piper Sandler lifted their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, Sanford C. Bernstein boosted their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Performance

NYSE ORCL traded up $2.18 on Friday, reaching $170.02. The stock had a trading volume of 5,680,595 shares, compared to its average volume of 8,302,456. 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 12-month low of $99.26 and a 12-month high of $178.61. The business’s 50-day moving average price is $163.43 and its 200 day moving average price is $141.93. The stock has a market cap of $471.14 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 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.