McAdam LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

McAdam LLC increased its stake in Oracle Co. (NYSE:ORCL) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,754 shares of the enterprise software provider’s stock after acquiring an additional 315 shares during the quarter. McAdam LLC’s holdings in Oracle were worth $1,151,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the 2nd quarter valued at $35,000. Quest Partners LLC acquired a new position in Oracle in the 2nd quarter valued at $40,000. Finally, Avondale Wealth Management purchased a new position in Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

ORCL stock opened at $173.10 on Thursday. The business’s 50-day moving average is $158.68 and its two-hundred day moving average is $139.61. 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 $479.67 billion, a P/E ratio of 44.61, a P/E/G ratio of 3.22 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Citigroup increased their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. DA Davidson boosted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a report on Wednesday. They issued a “sector perform” rating and a $165.00 price target for the company. Finally, Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.