3,537 Shares in Oracle Co. (NYSE:ORCL) Bought by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,537 shares of the enterprise software provider’s stock, valued at approximately $603,000.

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

Oracle Stock Performance

Shares of NYSE:ORCL traded up $8.38 on Wednesday, hitting $180.16. 2,273,726 shares of the company were exchanged, compared to its average volume of 8,245,014. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s 50 day moving average price is $164.71 and its 200 day moving average price is $143.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $180.28. The firm has a market capitalization of $499.23 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price for the company. JMP Securities boosted their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report 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 report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.