Oracle Co. (NYSE:ORCL) Stock Holdings Increased by LJI Wealth Management LLC

LJI Wealth Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,983 shares of the enterprise software provider’s stock after buying an additional 125 shares during the period. LJI Wealth Management LLC’s holdings in Oracle were worth $849,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $35,000. Reston Wealth Management LLC acquired a new position in Oracle during the 3rd quarter valued at approximately $44,000. Finally, Quest Partners LLC bought a new position in Oracle during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 1.8 %

Shares of Oracle stock traded down $3.31 on Friday, reaching $183.74. 8,986,276 shares of the company were exchanged, compared to its average volume of 8,256,067. The stock has a fifty day moving average price of $172.14 and a 200-day moving average price of $146.60. The firm has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. 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 (NYSE:ORCL) 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 net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s payout ratio is currently 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’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 transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, 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 document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ORCL shares. Evercore ISI raised their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. JMP Securities boosted their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Mizuho lifted their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average 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.