Wolff Wiese Magana LLC Has $249,000 Position in Oracle Co. (NYSE:ORCL)

Wolff Wiese Magana LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,492 shares of the enterprise software provider’s stock after acquiring an additional 70 shares during the period. Wolff Wiese Magana LLC’s holdings in Oracle were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Activest Wealth Management boosted its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC raised its position in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares during the last quarter. Cadence Bank grew its holdings in shares of Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares in the last quarter. Finally, W Advisors LLC increased its position in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $158.21 on Wednesday. The stock has a market cap of $442.51 billion, a PE ratio of 38.68, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s 50-day moving average price is $176.99 and its two-hundred day moving average price is $161.24. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last issued its 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 prior year, the business earned $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analysts Set New Price Targets

Several analysts have recently commented on ORCL shares. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $181.48.

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.