Accredited Investors Inc. Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Accredited Investors Inc. grew its position in Oracle Co. (NYSE:ORCL) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,575 shares of the enterprise software provider’s stock after purchasing an additional 398 shares during the period. Accredited Investors Inc.’s holdings in Oracle were worth $1,802,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Oracle

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 stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ORCL shares. Sanford C. Bernstein increased their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Morgan Stanley lifted 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. TD Cowen upped their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Citigroup raised their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Eleven investment 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, Oracle has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Price Performance

Oracle stock opened at $183.74 on Friday. The stock has a market cap of $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a 50-day simple moving average of $172.14 and a 200 day simple moving average of $146.83. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the business earned $0.95 earnings per share. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced 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 0.87%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.