7,000 Shares in Oracle Co. (NYSE:ORCL) Acquired by Dopkins Wealth Management LLC

Dopkins Wealth Management LLC purchased a new position in Oracle Co. (NYSE:ORCL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,000 shares of the enterprise software provider's stock, valued at approximately $1,193,000. Oracle makes up about 1.0% of Dopkins Wealth Management LLC's holdings, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank raised its stake in Oracle by 26.5% in the third quarter. Huntington National Bank now owns 499,577 shares of the enterprise software provider's stock valued at $85,128,000 after purchasing an additional 104,769 shares in the last quarter. Summit Asset Management LLC raised its stake in Oracle by 5.6% in the third quarter. Summit Asset Management LLC now owns 3,384 shares of the enterprise software provider's stock valued at $577,000 after purchasing an additional 180 shares in the last quarter. Plato Investment Management Ltd raised its stake in Oracle by 8.0% in the third quarter. Plato Investment Management Ltd now owns 36,600 shares of the enterprise software provider's stock valued at $6,230,000 after purchasing an additional 2,726 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its stake in Oracle by 32.7% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 75,891 shares of the enterprise software provider's stock valued at $12,932,000 after purchasing an additional 18,700 shares in the last quarter. Finally, Kovack Advisors Inc. raised its stake in Oracle by 19.1% in the third quarter. Kovack Advisors Inc. now owns 11,940 shares of the enterprise software provider's stock valued at $2,035,000 after purchasing an additional 1,919 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 10th. Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. JMP Securities lifted their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Friday, October 18th. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Finally, StockNews.com upgraded Oracle from a "hold" rating to a "buy" rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.52.

Oracle Price Performance

Shares of NYSE ORCL traded down $2.22 during midday trading on Thursday, reaching $187.41. The stock had a trading volume of 3,172,042 shares, compared to its average volume of 8,231,425. The stock has a 50-day moving average of $170.41 and a 200-day moving average of $145.85. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $519.32 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. 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 41.24%.

Insider Activity at Oracle

In other Oracle 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 value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by corporate 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.