Trajan Wealth LLC Purchases 8,859 Shares of Oracle Co. (NYSE:ORCL)

Trajan Wealth LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 15.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 66,512 shares of the enterprise software provider’s stock after buying an additional 8,859 shares during the period. Trajan Wealth LLC’s holdings in Oracle were worth $11,334,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Fairway Wealth LLC acquired a new position in Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. TD Cowen increased their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Guggenheim lifted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $173.49 on Wednesday. The stock has a market capitalization of $480.74 billion, a P/E ratio of 44.71, a PEG ratio of 3.20 and a beta of 1.01. 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 firm’s 50 day moving average is $161.53 and its 200 day moving average is $141.16. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61.

Oracle (NYSE:ORCL) last posted its earnings results 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. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

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.