Diversify Wealth Management LLC Grows Position in Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Diversify Wealth Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 31.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,731 shares of the enterprise software provider’s stock after purchasing an additional 8,787 shares during the quarter. Diversify Wealth Management LLC’s holdings in Oracle were worth $6,358,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after buying an additional 1,514,569 shares during the last quarter. Capital World Investors increased its position in shares of Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares during the period. Legal & General Group Plc raised its stake in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. Janus Henderson Group PLC raised its position in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares during the period. 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 business’s stock in a transaction dated Monday, September 16th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. JMP Securities increased their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. Finally, Jefferies Financial Group boosted their target price on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Read Our Latest Report on ORCL

Oracle Stock Up 0.9 %

Shares of NYSE:ORCL traded up $1.56 on Wednesday, reaching $174.99. The company had a trading volume of 1,594,582 shares, compared to its average volume of 8,289,321. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $484.91 billion, a P/E ratio of 45.15, a P/E/G ratio of 3.20 and a beta of 1.01. The stock has a 50-day moving average price of $161.53 and a 200 day moving average price of $141.16. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL – Get Free Report) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) 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 analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Oracle’s dividend payout ratio is presently 41.24%.

Oracle Profile

(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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