Oracle Co. (NYSE:ORCL) Shares Acquired by Buckley Wealth Management LLC

Buckley Wealth Management LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 63.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,370 shares of the enterprise software provider's stock after purchasing an additional 2,870 shares during the quarter. Buckley Wealth Management LLC's holdings in Oracle were worth $1,256,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $36,000. Park Avenue Securities LLC boosted its position in shares of Oracle by 2.5% during the 1st quarter. Park Avenue Securities LLC now owns 22,071 shares of the enterprise software provider's stock worth $2,772,000 after purchasing an additional 548 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Oracle by 11.7% during the 1st quarter. RFG Advisory LLC now owns 17,999 shares of the enterprise software provider's stock valued at $2,261,000 after acquiring an additional 1,884 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Oracle by 5.6% during the 1st quarter. International Assets Investment Management LLC now owns 12,620 shares of the enterprise software provider's stock worth $1,584,000 after acquiring an additional 673 shares in the last quarter. Finally, Steph & Co. increased its stake in Oracle by 70.7% in the 1st quarter. Steph & Co. now owns 461 shares of the enterprise software provider's stock valued at $58,000 after purchasing an additional 191 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, September 9th. KeyCorp boosted their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Evercore ISI raised their target price on shares of Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Melius Research raised shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Finally, Oppenheimer reissued a "market perform" rating on shares of Oracle in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.67.

Oracle Trading Down 0.6 %

Shares of ORCL traded down $0.99 during trading hours on Friday, hitting $174.69. The stock had a trading volume of 5,001,257 shares, compared to its average volume of 8,042,321. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The firm has a market cap of $484.08 billion, a P/E ratio of 45.02, a P/E/G ratio of 3.25 and a beta of 1.01. 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's fifty day simple moving average is $156.29 and its 200 day simple moving average is $138.59.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle's payout ratio is currently 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.20% of the company's stock.

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.