Oracle Co. (NYSE:ORCL) Shares Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 24.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,620 shares of the enterprise software provider's stock after buying an additional 3,881 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Oracle were worth $3,343,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Oracle during the 1st quarter worth $38,000. Finally, Quest Partners LLC purchased a new position in Oracle during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.0 %

Shares of ORCL stock traded up $0.04 during trading hours on Wednesday, reaching $189.62. The company had a trading volume of 5,692,996 shares, compared to its average volume of 8,254,838. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day simple moving average of $169.43 and a 200-day simple moving average of $145.54. The company has a market cap of $525.45 billion, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analysts' expectations of $13.23 billion. During the same period last year, the business earned $0.95 earnings per share. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle's dividend payout ratio is presently 41.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ORCL. Melius Research raised shares of Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Mizuho boosted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $168.52.

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.