Oracle Co. (NYSE:ORCL) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its position in Oracle Co. (NYSE:ORCL) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 185,623 shares of the enterprise software provider’s stock after acquiring an additional 4,581 shares during the period. HB Wealth Management LLC’s holdings in Oracle were worth $30,932,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle in the third quarter valued at $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the third quarter valued at $51,000. Friedenthal Financial acquired a new position in Oracle in the 3rd quarter valued at about $51,000. Finally, Activest Wealth Management boosted its stake in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL traded up $1.51 during trading hours on Friday, hitting $161.05. 11,593,649 shares of the company’s stock traded hands, compared to its average volume of 5,912,798. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company’s fifty day simple moving average is $176.00 and its two-hundred day simple moving average is $161.21. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle 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.