Oracle Co. (NYSE:ORCL) Shares Acquired by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the third quarter, HoldingsChannel reports. The firm owned 7,830 shares of the enterprise software provider’s stock after acquiring an additional 95 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Oracle were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new position in Oracle in the third quarter valued at approximately $44,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ORCL. TD Cowen lifted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Guggenheim lifted their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. JMP Securities upped their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group lifted their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Down 1.9 %

NYSE ORCL opened at $181.41 on Tuesday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. 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 business’s fifty day simple moving average is $177.45 and its 200-day simple moving average is $152.01. The firm has a market cap of $502.70 billion, a PE ratio of 46.76, a P/E/G ratio of 3.41 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current 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 issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $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 available through this link. 42.20% of the stock is owned by insiders.

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.