Cerro Pacific Wealth Advisors LLC Acquires 109 Shares of Oracle Co. (NYSE:ORCL)

Cerro Pacific Wealth Advisors LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,500 shares of the enterprise software provider’s stock after acquiring an additional 109 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Oracle were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Winch Advisory Services LLC raised its stake in shares of Oracle by 89.7% during the 4th 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 during the period. Reston Wealth Management LLC bought a new stake in shares of Oracle during the third quarter valued at about $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the third quarter valued at approximately $51,000. Friedenthal Financial purchased a new position in Oracle during the third quarter valued at approximately $51,000. Finally, Activest Wealth Management grew its stake in Oracle by 21.9% during the third 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 in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $186.08 on Friday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market cap of $520.44 billion, a P/E ratio of 45.50, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50-day moving average of $174.43 and a 200-day moving average of $162.05.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. Oracle’s dividend payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORCL. Citigroup boosted their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald began coverage on Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. Morgan Stanley raised their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.