Centaurus Financial Inc. Has $5.72 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Centaurus Financial Inc. increased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,556 shares of the enterprise software provider's stock after acquiring an additional 5,601 shares during the period. Centaurus Financial Inc.'s holdings in Oracle were worth $5,718,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its position in Oracle by 66.3% in the third quarter. Larson Financial Group LLC now owns 4,835 shares of the enterprise software provider's stock worth $824,000 after acquiring an additional 1,928 shares in the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in shares of Oracle by 3.3% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 6,000 shares of the enterprise software provider's stock worth $1,022,000 after acquiring an additional 190 shares in the last quarter. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Oracle during the 3rd quarter valued at about $216,000. Wescott Financial Advisory Group LLC bought a new position in shares of Oracle in the 3rd quarter valued at approximately $234,000. Finally, KKM Financial LLC lifted its holdings in Oracle by 6.2% in the 3rd quarter. KKM Financial LLC now owns 22,924 shares of the enterprise software provider's stock worth $3,906,000 after purchasing an additional 1,329 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Oracle from $170.00 to $190.00 and gave the company a "buy" rating in a report on Monday, September 16th. Melius Research upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. DA Davidson boosted their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. UBS Group restated a "market outperform" rating on shares of Oracle in a report on Friday, October 18th. Finally, BMO Capital Markets lifted their price objective on Oracle from $160.00 to $173.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $169.52.

Oracle Price Performance

ORCL stock traded down $0.14 during trading 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 fifty-two week low of $99.26 and a fifty-two week high of $196.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a fifty day moving average price of $175.62 and a two-hundred day moving average price of $149.64. The company has a market cap of $532.85 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last issued 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm 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 earned $0.95 EPS. The company's revenue was up 6.9% on a year-over-year basis. Equities research 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. 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 is currently 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by insiders.

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.