Alliance Wealth Advisors LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Alliance Wealth Advisors LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,199 shares of the enterprise software provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. raised its holdings in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. lifted its position in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after purchasing an additional 1,500 shares during the period. GAMMA Investing LLC lifted its position in shares of Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after purchasing an additional 7,982 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after purchasing an additional 8,790 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings 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 during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.4 %

NYSE:ORCL opened at $174.78 on Thursday. 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 company’s fifty day moving average price is $154.50 and its 200-day moving average price is $137.88. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The firm has a market capitalization 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) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

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

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. KeyCorp raised their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Mizuho increased their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Morgan Stanley boosted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.42.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Company 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.