Pinnacle Wealth Management Group Inc. Boosts Holdings in Oracle Co. (NYSE:ORCL)

Pinnacle Wealth Management Group Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,696 shares of the enterprise software provider’s stock after purchasing an additional 200 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Oracle were worth $616,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. 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 valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd boosted its position in Oracle by 5,853.1% during the 2nd 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 during the period. Finally, Geode Capital Management LLC increased its position 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 acquiring an additional 885,041 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Evercore ISI boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

NYSE ORCL opened at $153.73 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $105.42 and a fifty-two week high of $198.31. The company has a market cap of $429.98 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06. The business’s 50 day moving average price is $177.30 and its 200-day moving average price is $161.13.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.