7,423 Shares in Oracle Co. (NYSE:ORCL) Acquired by Schear Investment Advisers LLC

Schear Investment Advisers LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,423 shares of the enterprise software provider's stock, valued at approximately $1,265,000.

Several other hedge funds have also bought and sold shares of ORCL. Patten & Patten Inc. TN raised its holdings in Oracle by 13.8% in the first quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider's stock worth $1,133,000 after purchasing an additional 1,096 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider's stock worth $1,730,000 after buying an additional 6,587 shares during the last quarter. Ironwood Investment Counsel LLC purchased a new stake in shares of Oracle during the first quarter worth approximately $347,000. Cynosure Group LLC acquired a new stake in shares of Oracle in the first quarter valued at about $396,000. Finally, Covestor Ltd lifted its stake in Oracle by 35.3% in the 1st quarter. Covestor Ltd now owns 1,329 shares of the enterprise software provider's stock worth $167,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

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 shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Shares of ORCL stock traded down $3.31 during mid-day trading on Friday, reaching $183.74. The stock had a trading volume of 8,986,276 shares, compared to its average volume of 5,993,277. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The firm has a market cap of $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. The business's fifty day moving average is $172.14 and its 200-day moving average is $146.83.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $13.23 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is presently 41.24%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Evercore ISI raised their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Finally, Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

Oracle Company 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.