Financial Enhancement Group LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Financial Enhancement Group LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,499 shares of the enterprise software provider’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the 4th 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 purchased a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Quest Partners LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Avondale Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle during the 3rd quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price target 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. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Up 1.3 %

ORCL stock opened at $158.35 on Thursday. The firm has a market cap of $442.90 billion, a PE ratio of 38.72, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a one year low of $105.42 and a one year 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. The firm’s 50 day moving average price is $176.99 and its 200-day moving average price is $161.24.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The business 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 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Oracle 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.