Goldstein Advisors LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Goldstein Advisors LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 179.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,629 shares of the enterprise software provider’s stock after buying an additional 2,331 shares during the period. Goldstein Advisors LLC’s holdings in Oracle were worth $605,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ORCL. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new position in Oracle in the third quarter valued at $44,000. Avondale Wealth Management acquired a new position in Oracle in the third quarter valued at $51,000. Friedenthal Financial acquired a new position in Oracle in the third quarter valued at $51,000. Finally, Activest Wealth Management increased its stake in Oracle by 21.9% in the third 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 during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 6.7 %

Shares of NYSE ORCL opened at $184.18 on Thursday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a market capitalization of $515.14 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. 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 firm’s 50-day moving average is $174.43 and its two-hundred day moving average is $162.05.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 for 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%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. Equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Finally, Evercore ISI boosted their price target 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. One investment 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 stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target 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.