Goldstone Financial Group LLC lifted its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,472 shares of the enterprise software provider’s stock after purchasing an additional 252 shares during the quarter. Goldstone Financial Group LLC’s holdings in Oracle were worth $912,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in Oracle in the second quarter valued at approximately $40,000. Meiji Yasuda Asset Management Co Ltd. grew its stake in Oracle by 6.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,689 shares of the enterprise software provider’s stock valued at $4,757,000 after acquiring an additional 2,103 shares during the period. Waterloo Capital L.P. increased its holdings in Oracle by 6.1% in the 2nd quarter. Waterloo Capital L.P. now owns 8,934 shares of the enterprise software provider’s stock worth $1,261,000 after acquiring an additional 510 shares in the last quarter. LJI Wealth Management LLC raised its position in Oracle by 201.7% during the second quarter. LJI Wealth Management LLC now owns 4,858 shares of the enterprise software provider’s stock worth $686,000 after acquiring an additional 3,248 shares during the period. Finally, WCG Wealth Advisors LLC grew its position in shares of Oracle by 26.9% in the second quarter. WCG Wealth Advisors LLC now owns 56,602 shares of the enterprise software provider’s stock valued at $7,992,000 after purchasing an additional 12,014 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.
Oracle Stock Performance
NYSE ORCL opened at $159.73 on Friday. The business has a 50 day moving average price of $176.53 and a 200 day moving average price of $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. The company has a market capitalization of $446.76 billion, a P/E ratio of 39.05, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 1-year low of $105.68 and a 1-year high of $198.31.
Oracle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. Oracle’s dividend payout ratio is currently 39.12%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Finally, Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.
Check Out Our Latest Stock Analysis on Oracle
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.
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