Lbmc Investment Advisors LLC Acquires 3,206 Shares of Oracle Corporation $ORCL

Lbmc Investment Advisors LLC boosted its holdings in Oracle Corporation (NYSE:ORCL) by 44.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,469 shares of the enterprise software provider’s stock after purchasing an additional 3,206 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Oracle were worth $2,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Winnow Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter valued at $28,000. Kilter Group LLC acquired a new stake in Oracle in the second quarter worth $30,000. LGT Financial Advisors LLC bought a new stake in Oracle in the second quarter valued at $33,000. Legend Financial Advisors Inc. bought a new stake in Oracle in the second quarter valued at $34,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Oracle during the second quarter valued at about $38,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the transaction, the director directly owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the sale, the executive vice president directly owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 155,190 shares of company stock worth $45,279,001 in the last ninety days. 40.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORCL. William Blair restated an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Guggenheim reaffirmed a “buy” rating and set a $400.00 price target on shares of Oracle in a research note on Thursday, December 11th. Stephens raised their price objective on Oracle from $208.00 to $331.00 and gave the company an “equal weight” rating in a research note on Friday, October 17th. Baird R W upgraded Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Wolfe Research upped their target price on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $302.92.

Oracle Stock Down 5.4%

Shares of NYSE:ORCL opened at $178.46 on Thursday. The business’s 50 day moving average is $239.32 and its 200 day moving average is $241.81. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The stock has a market cap of $512.74 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.70 and a beta of 1.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.62. The business had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $1.47 EPS. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, January 9th. This represents a $2.00 annualized dividend and a yield of 1.1%. Oracle’s payout ratio is 37.59%.

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.