BNC Wealth Management LLC Purchases 939 Shares of Oracle Co. (NYSE:ORCL)

BNC Wealth Management LLC boosted its position in Oracle Co. (NYSE:ORCL) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,475 shares of the enterprise software provider’s stock after acquiring an additional 939 shares during the period. Oracle accounts for about 1.7% of BNC Wealth Management LLC’s holdings, making the stock its 20th biggest position. BNC Wealth Management LLC’s holdings in Oracle were worth $5,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC raised its holdings in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank grew its stake in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares during the period. Eagle Rock Investment Company LLC grew its stake in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC grew its stake in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ORCL shares. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets increased their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Guggenheim increased their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $161.05 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The company’s fifty day moving average price is $175.44 and its 200 day moving average price is $161.34.

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

Oracle Announces Dividend

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

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.