Westend Capital Management LLC Has $82,000 Holdings in Oracle Co. (NYSE:ORCL)

Westend Capital Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 144.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 494 shares of the enterprise software provider’s stock after buying an additional 292 shares during the period. Westend Capital Management LLC’s holdings in Oracle were worth $82,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. State Street Corp raised its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the period. Altshuler Shaham Ltd lifted its stake in Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after buying an additional 1,526,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $161.05 on Friday. The firm has a market cap of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The business’s fifty day moving average is $176.00 and its 200-day moving average is $161.21. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Analysts Set New Price Targets

Several research firms recently commented on ORCL. 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. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. Monness Crespi & Hardt cut 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. Finally, Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Oracle currently 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.