Larson Financial Group LLC Has $824,000 Position in Oracle Co. (NYSE:ORCL)

Larson Financial Group LLC raised its stake in Oracle Co. (NYSE:ORCL) by 66.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,835 shares of the enterprise software provider’s stock after acquiring an additional 1,928 shares during the period. Larson Financial Group LLC’s holdings in Oracle were worth $824,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new position in Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle during the 1st quarter worth $38,000. 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.

Oracle Price Performance

Oracle stock opened at $188.09 on Tuesday. The stock’s 50 day moving average price is $175.98 and its two-hundred day moving average price is $150.14. The stock has a market capitalization of $521.21 billion, a price-to-earnings ratio of 48.48, a PEG ratio of 3.54 and a beta of 1.02. 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 $196.04.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued 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 0.85%. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. JMP Securities boosted their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Royal Bank of Canada started coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target for the company. Finally, UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $169.52.

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.