Oracle Co. (NYSE:ORCL) Shares Bought by Dakota Wealth Management

Dakota Wealth Management lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,839 shares of the enterprise software provider’s stock after buying an additional 6,200 shares during the period. Dakota Wealth Management’s holdings in Oracle were worth $22,303,000 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. Winch Advisory Services LLC lifted its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter valued at $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth $51,000. Friedenthal Financial acquired a new stake in shares of Oracle in the third quarter valued at $51,000. Finally, Activest Wealth Management boosted 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 buying an additional 56 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $172.82 on Wednesday. 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 stock has a market capitalization of $483.37 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. The business has a 50-day moving average of $174.87 and a two-hundred day moving average of $161.70. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm posted $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.