Graves Light Lenhart Wealth Inc. Cuts Position in Oracle Co. (NYSE:ORCL)

Graves Light Lenhart Wealth Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,010 shares of the enterprise software provider’s stock after selling 86 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in Oracle were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Wright Investors Service Inc. increased its holdings in Oracle by 6.6% during the 4th quarter. Wright Investors Service Inc. now owns 30,082 shares of the enterprise software provider’s stock valued at $5,013,000 after acquiring an additional 1,866 shares in the last quarter. Tealwood Asset Management Inc. acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $275,000. Pinnacle Wealth Management Group Inc. increased its stake in shares of Oracle by 5.7% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 3,696 shares of the enterprise software provider’s stock worth $616,000 after purchasing an additional 200 shares in the last quarter. PFW Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $312,000. Finally, Pallas Capital Advisors LLC lifted its stake in Oracle by 2.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 67,155 shares of the enterprise software provider’s stock valued at $11,191,000 after buying an additional 1,438 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Down 0.5 %

ORCL stock opened at $153.73 on Tuesday. The firm has a fifty day moving average price of $177.30 and a two-hundred day moving average price of $161.13. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $105.42 and a 1-year high of $198.31. The firm has a market cap of $429.98 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the company earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 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.