Oracle Co. (NYSE:ORCL) Position Boosted by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 162.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,165 shares of the enterprise software provider’s stock after purchasing an additional 23,598 shares during the period. Icon Wealth Advisors LLC’s holdings in Oracle were worth $6,503,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter worth $44,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter worth $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock opened at $182.70 on Friday. The stock has a 50-day moving average price of $177.10 and a 200 day moving average price of $151.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $506.27 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 3.37 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $196.04.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. Research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

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 $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ORCL shares. Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Oracle 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.