InvesTrust Makes New Investment in Oracle Co. (NYSE:ORCL)

InvesTrust acquired a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 51,987 shares of the enterprise software provider’s stock, valued at approximately $8,667,000. Oracle comprises approximately 2.4% of InvesTrust’s investment portfolio, making the stock its 6th largest holding.

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

Oracle Stock Performance

Oracle stock traded up $1.35 during midday trading on Wednesday, hitting $163.38. The stock had a trading volume of 4,186,204 shares, compared to its average volume of 5,948,594. Oracle Co. has a 52-week low of $102.72 and a 52-week high of $198.31. The company has a market capitalization of $456.97 billion, a PE ratio of 39.95, a P/E/G ratio of 3.39 and a beta of 1.06. The firm’s fifty day moving average is $178.25 and its two-hundred day moving average is $160.59. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for 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 revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ORCL shares. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Tuesday, December 10th. Barclays lifted their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

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.