Vishria Bird Financial Group LLC Invests $640,000 in Oracle Co. (NYSE:ORCL)

Vishria Bird Financial Group LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,753 shares of the enterprise software provider’s stock, valued at approximately $640,000.

Other institutional investors have also modified their holdings of the company. Blue Barn Wealth LLC bought a new stake in shares of Oracle during the 1st quarter worth $218,000. Patten & Patten Inc. TN raised its holdings in Oracle by 13.8% during the 1st quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider’s stock worth $1,133,000 after buying an additional 1,096 shares during the period. Edgestream Partners L.P. lifted its stake in Oracle by 91.7% during the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after buying an additional 6,587 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Oracle by 8.5% in the first quarter. Jacobi Capital Management LLC now owns 14,204 shares of the enterprise software provider’s stock worth $1,784,000 after buying an additional 1,109 shares during the period. Finally, Catalytic Wealth RIA LLC increased its position in shares of Oracle by 11.7% in the first quarter. Catalytic Wealth RIA LLC now owns 7,469 shares of the enterprise software provider’s stock worth $938,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $183.71 on Friday. The company’s fifty day moving average is $172.14 and its two-hundred day moving average is $146.60. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $509.07 billion, a price-to-earnings ratio of 47.35, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last released 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. The business 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 firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid 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 41.24%.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Royal Bank of Canada initiated coverage on shares of Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price on the stock. Mizuho increased their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, DA Davidson upped their price target 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. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

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.