Visionary Horizons LLC Acquires New Holdings in Oracle Co. (NYSE:ORCL)

Visionary Horizons LLC bought a new position in Oracle Co. (NYSE:ORCL) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,262 shares of the enterprise software provider’s stock, valued at approximately $215,000.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter worth $35,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle in the 2nd quarter worth $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 1.3 %

Shares of ORCL opened at $170.02 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company’s fifty day moving average is $163.43 and its 200 day moving average is $141.93. The stock has a market capitalization of $471.14 billion, a PE ratio of 43.82, a P/E/G ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping 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 firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend 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%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. DA Davidson raised their target price 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. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, TD Cowen raised their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $168.52.

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.