O Keefe Stevens Advisory Inc. Increases Stock Position in Oracle Co. (NYSE:ORCL)

O Keefe Stevens Advisory Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,103 shares of the enterprise software provider’s stock after buying an additional 129 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Oracle were worth $358,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ORCL. Westend Capital Management LLC purchased a new stake in Oracle in the first quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter worth approximately $35,000. Finally, Alaska Permanent Fund Corp bought a new position in Oracle during the 1st quarter valued at approximately $36,000. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. BMO Capital Markets raised their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Finally, Piper Sandler increased their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.42.

Insider Transactions 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on 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 owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,146,320 shares of company stock valued at $164,762,400. 42.80% of the stock is currently owned by corporate insiders.

Oracle Trading Up 2.6 %

Shares of Oracle stock opened at $174.43 on Wednesday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $174.64. 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 capitalization of $483.36 billion, a P/E ratio of 47.02, a P/E/G ratio of 3.09 and a beta of 1.01. The company has a fifty day moving average of $148.47 and a 200 day moving average of $135.53.

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, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given 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%.

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.