New Century Financial Group LLC Decreases Stake in Oracle Co. (NYSE:ORCL)

New Century Financial Group LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,726 shares of the enterprise software provider’s stock after selling 200 shares during the quarter. New Century Financial Group LLC’s holdings in Oracle were worth $976,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Resonant Capital Advisors LLC grew its position in Oracle by 1.2% during the third quarter. Resonant Capital Advisors LLC now owns 29,669 shares of the enterprise software provider’s stock worth $5,056,000 after buying an additional 338 shares during the period. Wealth Alliance Advisory Group LLC boosted its stake in shares of Oracle by 6.9% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 17,360 shares of the enterprise software provider’s stock worth $2,958,000 after acquiring an additional 1,113 shares in the last quarter. Waypoint Capital Advisors LLC grew its holdings in shares of Oracle by 2.9% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 4,225 shares of the enterprise software provider’s stock worth $720,000 after acquiring an additional 119 shares during the period. Warren Street Wealth Advisors LLC increased its stake in Oracle by 5.4% in the 3rd quarter. Warren Street Wealth Advisors LLC now owns 5,332 shares of the enterprise software provider’s stock valued at $909,000 after purchasing an additional 271 shares in the last quarter. Finally, WestHill Financial Advisors Inc. acquired a new position in Oracle during the third quarter worth $211,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

Shares of NYSE:ORCL opened at $174.69 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock has a 50-day simple moving average of $156.29 and a 200-day simple moving average of $138.59. 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 stock has a market capitalization of $484.08 billion, a P/E ratio of 45.02, a PEG ratio of 3.25 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 (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s 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 directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. Barclays raised their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research report on Friday. KeyCorp lifted their price objective on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group increased their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.67.

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.