Motiv8 Investments LLC Acquires New Stake in Oracle Co. (NYSE:ORCL)

Motiv8 Investments 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 5,463 shares of the enterprise software provider's stock, valued at approximately $931,000.

Other large investors have also recently made changes to their positions in the company. Vicus Capital purchased a new position in Oracle during the first quarter worth $534,000. Guidance Capital Inc. grew its holdings in Oracle by 13.6% during the 1st quarter. Guidance Capital Inc. now owns 4,817 shares of the enterprise software provider's stock valued at $577,000 after purchasing an additional 576 shares during the last quarter. Founders Financial Securities LLC raised its position in Oracle by 11.5% in the 1st quarter. Founders Financial Securities LLC now owns 11,768 shares of the enterprise software provider's stock worth $1,478,000 after purchasing an additional 1,210 shares during the period. Physician Wealth Advisors Inc. bought a new stake in Oracle in the first quarter worth about $201,000. Finally, Trilogy Capital Inc. bought a new position in shares of Oracle during the first quarter valued at approximately $247,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 42.80% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $0.86 on Friday, hitting $173.52. The company had a trading volume of 3,674,717 shares, compared to its average volume of 8,360,906. The firm has a market cap of $478.20 billion, a P/E ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a 50-day moving average price of $160.15 and a 200-day moving average price of $140.45. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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 the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Bank of America raised their price target on Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. DA Davidson boosted their target price on shares of Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Barclays raised 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. Morgan Stanley upped their target price 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. Finally, KeyCorp lifted their price target on shares of Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $168.52.

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.