Motive Wealth Advisors Acquires Shares of 1,493 Oracle Co. (NYSE:ORCL)

Motive Wealth Advisors bought a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel reports. The fund bought 1,493 shares of the enterprise software provider’s stock, valued at approximately $249,000.

Other large investors have also added to or reduced their stakes in the company. Fred Alger Management LLC boosted its holdings in Oracle by 5.4% in the second quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock valued at $3,808,000 after acquiring an additional 1,388 shares in the last quarter. AXA S.A. grew its holdings in shares of Oracle by 11.0% during the 2nd quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock worth $70,897,000 after acquiring an additional 49,694 shares during the period. APG Asset Management US Inc. grew its stake in Oracle by 1.8% in the second quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock worth $110,731,000 after purchasing an additional 13,732 shares during the period. APG Asset Management N.V. raised its holdings in Oracle by 6.9% in the second quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock worth $231,368,000 after purchasing an additional 114,084 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Oracle by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after buying an additional 66,444 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $186.08 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day simple moving average of $174.43 and a two-hundred day simple moving average of $162.05. The firm has a market capitalization of $520.44 billion, a PE ratio of 45.50, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results 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). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share. Analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ORCL shares. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, 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 report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price 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.