Copley Financial Group Inc. Makes New Investment in Oracle Co. (NYSE:ORCL)

Copley Financial Group Inc. acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,206 shares of the enterprise software provider's stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Oddo BHF Asset Management Sas purchased a new position in shares of Oracle in the 3rd quarter valued at about $1,242,000. Capasso Planning Partners LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $207,000. Inspire Trust Co. N.A. raised its position in Oracle by 11.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider's stock worth $5,236,000 after buying an additional 3,207 shares during the last quarter. American Trust acquired a new position in shares of Oracle during the third quarter worth about $223,000. Finally, Franklin Resources Inc. grew its stake in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

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 value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ORCL shares. BMO Capital Markets increased their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Melius Research upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Guggenheim raised their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, JMP Securities reiterated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $183.63.

Oracle Stock Performance

Shares of NYSE ORCL traded down $1.94 during midday trading on Friday, reaching $173.38. The company had a trading volume of 8,347,350 shares, compared to its average volume of 8,401,477. The stock has a market cap of $484.94 billion, a P/E ratio of 42.39, a P/E/G ratio of 3.32 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $99.36 and a 1 year high of $198.31. The business's 50-day simple moving average is $180.36 and its 200 day simple moving average is $155.36.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. On average, analysts forecast that Oracle Co. will post 5.17 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle's dividend payout ratio (DPR) is presently 39.12%.

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.