Optivise Advisory Services LLC Invests $479,000 in Oracle Co. (NYSE:ORCL)

Optivise Advisory Services LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,809 shares of the enterprise software provider's stock, valued at approximately $479,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Principal Financial Group Inc. increased its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp acquired a new stake in shares of Oracle in the third quarter valued at $4,160,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after buying an additional 126,985 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its position in Oracle by 63.8% during the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider's stock worth $1,256,000 after buying an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 0.1 %

Shares of NYSE ORCL traded down $0.14 during trading hours on Friday, hitting $192.29. The company had a trading volume of 6,879,447 shares, compared to its average volume of 6,824,324. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm's 50 day moving average is $175.62 and its 200-day moving average is $149.41. The stock has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is presently 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Bank of America upped their price target on Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 11th. Evercore ISI upped their target price on shares of Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada assumed coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a "sector perform" rating and a $165.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $169.52.

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.