Edge Wealth Management LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Edge Wealth Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,290 shares of the enterprise software provider’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Winch Advisory Services LLC raised its stake in Oracle by 89.7% during the 4th 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 last quarter. Quest Partners LLC bought a new stake in shares of Oracle in the second quarter valued at about $40,000. Reston Wealth Management LLC acquired a new stake in Oracle during the third quarter worth $44,000. Avondale Wealth Management bought a new stake in Oracle in the 3rd quarter valued at $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price 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. Sanford C. Bernstein increased their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group boosted their target price 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. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, DA Davidson boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL opened at $159.73 on Friday. The stock has a market capitalization of $446.76 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company’s 50-day moving average price is $176.53 and its two-hundred day moving average price is $161.22. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $105.68 and a one year high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Oracle’s payout ratio is 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.