Atlanta Consulting Group Advisors LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Atlanta Consulting Group Advisors LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,069 shares of the enterprise software provider's stock, valued at approximately $1,545,000.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Capital World Investors grew its position in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock valued at $2,319,604,000 after acquiring an additional 82,551 shares during the period. Legal & General Group Plc grew its position in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock valued at $1,869,816,000 after acquiring an additional 296,866 shares during the period. Janus Henderson Group PLC grew its position in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider's stock valued at $1,033,430,000 after acquiring an additional 424,500 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Oracle by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider's stock valued at $1,015,862,000 after acquiring an additional 66,444 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein boosted their price objective 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. Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Oppenheimer restated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Bank of America increased their price target on shares of Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada started coverage on shares of Oracle in a report on Wednesday, October 23rd. They issued a "sector perform" rating and a $165.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $169.52.

Oracle Stock Down 1.8 %

Oracle stock traded down $3.31 during trading hours on Friday, reaching $183.74. The stock had a trading volume of 8,986,276 shares, compared to its average volume of 5,993,277. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The company 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 debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business's 50 day moving average price is $172.14 and its 200-day moving average price is $146.83.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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. The company had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on 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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently 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.