Oracle Co. (NYSE:ORCL) Shares Purchased by Kowal Investment Group LLC

by · The Cerbat Gem

Kowal Investment Group LLC boosted its holdings in Oracle Co. (NYSE:ORCL – Free Report) by 13.4% during the third quarter, Holdings Channel reports. The institutional investor owned 4,954 shares of the enterprise software provider’s stock after buying an additional 587 shares during the period. Kowal Investment Group LLC’s holdings in Oracle were worth $844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in shares of Oracle in the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter worth about $35,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Oracle during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.4 %

Oracle stock opened at $174.78 on Thursday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The firm’s 50-day moving average is $154.50 and its 200-day moving average is $137.88. 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 has a market cap of $481.67 billion, a P/E ratio of 47.11, a PEG ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ORCL. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Guggenheim upped their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. DA Davidson raised their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.42.

Get Our Latest Analysis on ORCL

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

About Oracle

(Free Report)

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.

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