Beacon Financial Advisory LLC Has $731,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Beacon Financial Advisory LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,292 shares of the enterprise software provider’s stock after selling 135 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Oracle were worth $731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Balentine LLC increased its holdings in Oracle by 251.4% in the third quarter. Balentine LLC now owns 6,226 shares of the enterprise software provider’s stock valued at $1,061,000 after purchasing an additional 4,454 shares during the period. HF Advisory Group LLC increased its stake in shares of Oracle by 3.4% in the third quarter. HF Advisory Group LLC now owns 14,718 shares of the enterprise software provider’s stock valued at $2,508,000 after buying an additional 482 shares during the period. Financial Partners Group Inc increased its stake in shares of Oracle by 3.5% in the third quarter. Financial Partners Group Inc now owns 4,379 shares of the enterprise software provider’s stock valued at $746,000 after buying an additional 148 shares during the period. MinichMacGregor Wealth Management LLC acquired a new position in shares of Oracle in the third quarter worth approximately $334,000. Finally, Falcon Wealth Planning lifted its stake in shares of Oracle by 3.5% in the third quarter. Falcon Wealth Planning now owns 2,493 shares of the enterprise software provider’s stock worth $425,000 after acquiring an additional 85 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 1.3 %

ORCL opened at $171.82 on Wednesday. The company’s 50-day moving average price is $164.71 and its two-hundred day moving average price is $143.02. 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 Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The stock has a market cap of $476.12 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 3.13 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results 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 the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ORCL shares. Morgan Stanley raised their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. BMO Capital Markets increased their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler raised their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity at Oracle

In other Oracle 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 transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by company insiders.

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.