Vestor Capital LLC Buys 24,525 Shares of Oracle Co. (NYSE:ORCL)

Vestor Capital LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 37.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,551 shares of the enterprise software provider’s stock after acquiring an additional 24,525 shares during the quarter. Oracle makes up 1.2% of Vestor Capital LLC’s investment portfolio, making the stock its 20th largest position. Vestor Capital LLC’s holdings in Oracle were worth $15,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth $35,000. Reston Wealth Management LLC bought a new stake in Oracle in the third quarter valued at $44,000. Finally, Quest Partners LLC purchased a new position in Oracle during the 2nd quarter valued at $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 0.3 %

ORCL opened at $170.50 on Monday. The stock has a market capitalization of $472.47 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 3.09 and a beta of 1.02. The firm has a 50 day moving average price of $163.43 and a 200-day moving average price of $142.24. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ORCL shares. Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Piper Sandler upped their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, KeyCorp raised their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insiders Place Their Bets

In other 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.

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.