Oracle Co. (NYSE:ORCL) Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 47.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 28,049 shares of the enterprise software provider's stock after acquiring an additional 8,983 shares during the period. Soltis Investment Advisors LLC's holdings in Oracle were worth $4,780,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter worth approximately $30,000. Quest Partners LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ORCL shares. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday. Melius upgraded Oracle from a "hold" rating to a "buy" rating and set a $210.00 target price for the company in a report on Monday, September 16th. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Finally, UBS Group increased their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $181.48.

Oracle Stock Up 0.5 %

ORCL stock traded up $0.84 during mid-day trading on Wednesday, hitting $178.58. 13,176,670 shares of the company were exchanged, compared to its average volume of 8,403,240. 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 twelve month low of $99.26 and a twelve month high of $198.31. The firm has a fifty day simple moving average of $179.97 and a 200 day simple moving average of $155.06. The company has a market capitalization of $494.86 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the business posted $1.34 EPS. Oracle's revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, January 9th. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business'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 in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by company 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.