Kavar Capital Partners Group LLC Purchases Shares of 1,182 Oracle Co. (NYSE:ORCL)

Kavar Capital Partners Group LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,182 shares of the enterprise software provider’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the 1st quarter valued at approximately $38,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.5 %

Shares of NYSE ORCL opened at $173.52 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $478.20 billion, a P/E ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The business has a fifty day moving average price of $160.15 and a 200 day moving average price of $140.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced 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. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. KeyCorp boosted their target price on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Mizuho boosted their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Guggenheim boosted their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 42.80% of the stock is currently owned by corporate insiders.

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.