Quent Capital LLC Purchases 107 Shares of Oracle Co. (NYSE:ORCL)

Quent Capital LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,358 shares of the enterprise software provider’s stock after acquiring an additional 107 shares during the period. Quent Capital LLC’s holdings in Oracle were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atlas Wealth LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $315,000. CoreCap Advisors LLC raised its holdings in shares of Oracle by 22.4% during the fourth quarter. CoreCap Advisors LLC now owns 8,566 shares of the enterprise software provider’s stock valued at $700,000 after purchasing an additional 1,565 shares during the period. Resources Investment Advisors LLC. boosted its position in shares of Oracle by 34.0% during the 1st quarter. Resources Investment Advisors LLC. now owns 18,153 shares of the enterprise software provider’s stock worth $1,687,000 after purchasing an additional 4,606 shares in the last quarter. Narus Financial Partners LLC bought a new stake in Oracle in the 1st quarter valued at about $327,000. Finally, Garde Capital Inc. raised its stake in Oracle by 8.2% during the 1st quarter. Garde Capital Inc. now owns 7,114 shares of the enterprise software provider’s stock worth $661,000 after buying an additional 540 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 0.2 %

Shares of ORCL stock traded up $0.25 on Friday, hitting $113.91. 23,215,012 shares of the company’s stock traded hands, compared to its average volume of 13,743,533. The stock has a market capitalization of $312.09 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 2.97 and a beta of 1.00. The company’s fifty day simple moving average is $117.29 and its 200 day simple moving average is $105.95. Oracle Co. has a one year low of $60.78 and a one year high of $127.54. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.91 and a current ratio of 0.87.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The firm had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 4.49 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 47.62%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 3,680 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $115.00, for a total value of $423,200.00. Following the transaction, the executive vice president now owns 16,600 shares in the company, valued at $1,909,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, EVP Maria Smith sold 3,680 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the sale, the executive vice president now owns 16,600 shares in the company, valued at approximately $1,909,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now directly owns 2,543,033 shares in the company, valued at $313,784,841.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,949,837 shares of company stock worth $482,142,887. Insiders own 43.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. VNET Group reaffirmed a “maintains” rating on shares of Oracle in a report on Tuesday, June 13th. Mizuho increased their target price on Oracle from $116.00 to $150.00 in a research report on Tuesday, June 13th. Jefferies Financial Group lifted their price target on Oracle from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. HSBC assumed coverage on Oracle in a research note on Friday. They issued a “buy” rating and a $144.00 target price for the company. Finally, StockNews.com started coverage on Oracle in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Twelve analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.06.

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.