Capital Advisors Inc. OK Acquires 1,201 Shares of Oracle Co. (NYSE:ORCL)

Capital Advisors Inc. OK increased its holdings in Oracle Co. (NYSE:ORCL) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,730 shares of the enterprise software provider’s stock after acquiring an additional 1,201 shares during the quarter. Capital Advisors Inc. OK’s holdings in Oracle were worth $3,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $170.02 on Friday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a market capitalization of $471.14 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. The stock’s fifty day moving average is $163.43 and its two-hundred day moving average is $141.93. 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 posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORCL. Sanford C. Bernstein boosted their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. KeyCorp boosted their price objective on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Finally, DA Davidson lifted their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.