First Pacific Financial Acquires 510 Shares of Oracle Co. (NYSE:ORCL)

First Pacific Financial grew its stake in Oracle Co. (NYSE:ORCL) by 130.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 901 shares of the enterprise software provider’s stock after acquiring an additional 510 shares during the period. First Pacific Financial’s holdings in Oracle were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Goldstone Financial Group LLC raised its position in shares of Oracle by 4.8% during the 4th quarter. Goldstone Financial Group LLC now owns 5,472 shares of the enterprise software provider’s stock valued at $912,000 after acquiring an additional 252 shares during the last quarter. Capital Planning LLC boosted its stake in Oracle by 0.5% during the 4th quarter. Capital Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after acquiring an additional 81 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Oracle during the 4th quarter worth approximately $484,000. Empirical Asset Management LLC boosted its stake in Oracle by 32.3% during the 4th quarter. Empirical Asset Management LLC now owns 15,413 shares of the enterprise software provider’s stock worth $2,568,000 after acquiring an additional 3,761 shares during the last quarter. Finally, Eagle Rock Investment Company LLC boosted its stake in Oracle by 0.8% during the 4th quarter. Eagle Rock Investment Company LLC now owns 17,763 shares of the enterprise software provider’s stock worth $2,960,000 after acquiring an additional 137 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ORCL shares. Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Citigroup increased their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. DA Davidson boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Up 0.9 %

Shares of ORCL opened at $159.73 on Friday. Oracle Co. has a one year low of $105.68 and a one year high of $198.31. The company has a market cap of $446.76 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06. 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 50 day simple moving average of $176.53 and a two-hundred day simple moving average of $161.22.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter 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. Research analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

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.