L & S Advisors Inc Purchases Shares of 53,809 Oracle Co. (NYSE:ORCL)

L & S Advisors Inc acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,809 shares of the enterprise software provider’s stock, valued at approximately $9,169,000. Oracle comprises 1.0% of L & S Advisors Inc’s holdings, making the stock its 28th largest position.

Several other hedge funds also recently modified their holdings of ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth $44,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ORCL shares. Barclays increased their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, BMO Capital Markets increased their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Up 1.3 %

Shares of Oracle stock opened at $193.21 on Thursday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $193.21. The company’s 50 day moving average price is $174.39 and its 200-day moving average price is $148.37. The stock has a market capitalization of $535.40 billion, a price-to-earnings ratio of 49.17, a P/E/G ratio of 3.48 and a beta of 1.02.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.