Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Stock Position in Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,726 shares of the enterprise software provider’s stock after acquiring an additional 148 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Oracle were worth $3,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter worth approximately $35,000. Quest Partners LLC bought a new stake in Oracle during the 2nd quarter worth approximately $40,000. Finally, Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Morgan Stanley lifted their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Citigroup lifted their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Read Our Latest Analysis on ORCL

Oracle Trading Down 0.1 %

Shares of ORCL traded down $0.25 during trading hours on Monday, reaching $173.27. 380,283 shares of the company traded hands, compared to its average volume of 8,322,550. The firm has a market cap of $477.51 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 3.23 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s fifty day moving average price is $160.15 and its 200 day moving average price is $140.45.

Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were 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 was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s 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 completion of the transaction, the executive vice president now directly 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 can be accessed through the SEC website. 42.80% of the stock is owned by insiders.

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.

Further Reading

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