Moran Wealth Management LLC Invests $1.88 Million in Oracle Co. (NYSE:ORCL)

Moran Wealth Management LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,047 shares of the enterprise software provider's stock, valued at approximately $1,882,000.

A number of other institutional investors have also recently made changes to their positions in the company. Eagle Rock Investment Company LLC lifted its stake in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock valued at $3,003,000 after acquiring an additional 64 shares during the period. W Advisors LLC grew its position in Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock worth $368,000 after purchasing an additional 64 shares during the period. Versant Capital Management Inc raised its stake in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider's stock valued at $674,000 after buying an additional 65 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in shares of Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider's stock worth $295,000 after buying an additional 65 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider's stock worth $2,318,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ORCL shares. Morgan Stanley upped their price objective on Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 10th. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. UBS Group reaffirmed a "market outperform" rating on shares of Oracle in a research note on Friday, October 18th. Jefferies Financial Group boosted their target price on Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, September 16th. Finally, Oppenheimer restated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.52.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by company insiders.

Oracle Stock Up 1.1 %

Shares of ORCL opened at $192.81 on Friday. 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 stock has a market capitalization of $534.29 billion, a PE ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.02. The company's 50-day simple moving average is $175.02 and its 200-day simple moving average is $148.68. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business 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 was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.83%. Oracle's dividend payout ratio (DPR) is 41.24%.

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.