Apollon Financial LLC Buys Shares of 1,380 Oracle Co. (NYSE:ORCL)

Apollon Financial LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,380 shares of the enterprise software provider’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Avantax Advisory Services Inc. boosted its stake in shares of Oracle by 49.9% in the first quarter. Avantax Advisory Services Inc. now owns 56,246 shares of the enterprise software provider’s stock valued at $7,065,000 after purchasing an additional 18,727 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in Oracle by 36.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 17,988 shares of the enterprise software provider’s stock worth $2,259,000 after purchasing an additional 4,826 shares during the period. Entropy Technologies LP boosted its stake in shares of Oracle by 24.2% in the 1st quarter. Entropy Technologies LP now owns 11,722 shares of the enterprise software provider’s stock valued at $1,472,000 after buying an additional 2,283 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Oracle by 13.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 388,789 shares of the enterprise software provider’s stock worth $48,836,000 after buying an additional 46,664 shares during the period. Finally, Rogco LP lifted its stake in Oracle by 116.7% in the first quarter. Rogco LP now owns 4,811 shares of the enterprise software provider’s stock worth $604,000 after acquiring an additional 2,591 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORCL. Piper Sandler lifted their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective for the company. DA Davidson raised their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. KeyCorp upped their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE ORCL opened at $189.13 on Tuesday. The company’s fifty day moving average is $168.43 and its two-hundred day moving average is $145.03. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.50. 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 firm has a market capitalization of $524.09 billion, a price-to-earnings ratio of 48.74, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping 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 firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the business earned $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio 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.