CreativeOne Wealth LLC Buys 4,132 Shares of Oracle Co. (NYSE:ORCL)

CreativeOne Wealth LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 34.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,204 shares of the enterprise software provider’s stock after buying an additional 4,132 shares during the period. CreativeOne Wealth LLC’s holdings in Oracle were worth $2,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas increased its stake in Oracle by 45.1% in the 3rd quarter. BNP Paribas now owns 41,467 shares of the enterprise software provider’s stock valued at $7,066,000 after buying an additional 12,894 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Oracle by 2,899.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after buying an additional 883,233 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Oracle by 5.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,532,672 shares of the enterprise software provider’s stock valued at $261,167,000 after buying an additional 83,477 shares during the last quarter. Freedom Investment Management Inc. increased its stake in Oracle by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 9,723 shares of the enterprise software provider’s stock valued at $1,657,000 after buying an additional 281 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in shares of Oracle by 118.3% during the 3rd quarter. Townsquare Capital LLC now owns 373,956 shares of the enterprise software provider’s stock worth $63,722,000 after purchasing an additional 202,671 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL stock opened at $182.76 on Thursday. The company has a 50 day simple moving average of $176.80 and a 200 day simple moving average of $150.89. The stock has a market cap of $506.44 billion, a price-to-earnings ratio of 47.10, a P/E/G ratio of 3.46 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. Research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors 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 dividend payout ratio is 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Bank of America lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.52.

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.