Goldstein Advisors LLC Acquires Shares of 1,298 Oracle Co. (NYSE:ORCL)

Goldstein Advisors LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the third quarter, HoldingsChannel reports. The fund acquired 1,298 shares of the enterprise software provider’s stock, valued at approximately $221,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after buying an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after buying an additional 1,526,500 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada initiated coverage on shares of Oracle in a report on Wednesday. They set a “sector perform” rating and a $165.00 target price on the stock. JMP Securities upped their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. DA Davidson upped their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group upped their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the 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 of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $173.52 on Friday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The firm has a market capitalization of $478.20 billion, a P/E ratio of 46.77, a PEG ratio of 3.23 and a beta of 1.01. 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 company has a 50-day moving average price of $160.15 and a 200-day moving average price of $140.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate 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 during 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm 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 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

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.