Custom Index Systems LLC Makes New $487,000 Investment in Oracle Co. (NYSE:ORCL)

Custom Index Systems LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,860 shares of the enterprise software provider’s stock, valued at approximately $487,000.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Motiv8 Investments LLC acquired a new stake in shares of Oracle in the third quarter worth about $931,000. New World Advisors LLC bought a new position in shares of Oracle in the 3rd quarter valued at approximately $542,000. Sterling Investment Advisors Ltd. lifted its holdings in Oracle by 1.9% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 10,723 shares of the enterprise software provider’s stock worth $1,827,000 after purchasing an additional 200 shares during the last quarter. Park Edge Advisors LLC lifted its holdings in Oracle by 155.3% in the 3rd quarter. Park Edge Advisors LLC now owns 4,986 shares of the enterprise software provider’s stock worth $850,000 after purchasing an additional 3,033 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Oracle by 33.1% during the third quarter. J.W. Cole Advisors Inc. now owns 38,156 shares of the enterprise software provider’s stock worth $6,502,000 after purchasing an additional 9,482 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $0.86 on Friday, hitting $173.52. The stock had a trading volume of 3,674,717 shares, compared to its average volume of 8,360,906. The company has a market capitalization of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50 day moving average price is $160.15 and its 200-day moving average price is $140.31. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 is currently 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ORCL shares. Sanford C. Bernstein upped their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Stifel Nicolaus increased their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

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.