Leslie Global Wealth LLC Increases Holdings in Oracle Co. (NYSE:ORCL)

Leslie Global Wealth LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,201 shares of the enterprise software provider’s stock after buying an additional 1,981 shares during the quarter. Leslie Global Wealth LLC’s holdings in Oracle were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

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

Oracle Trading Up 1.3 %

Shares of NYSE:ORCL opened at $171.82 on Wednesday. The company has a market cap of $476.12 billion, a P/E ratio of 44.28, a PEG ratio of 3.13 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock’s fifty day moving average price is $164.71 and its 200-day moving average price is $143.02.

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 firm had revenue of $13.31 billion for 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%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Barclays raised their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Citigroup boosted their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.52.

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.