Oak Ridge Investments LLC Buys 39,024 Shares of Oracle Co. (NYSE:ORCL)

Oak Ridge Investments LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 2,255.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,754 shares of the enterprise software provider’s stock after buying an additional 39,024 shares during the quarter. Oak Ridge Investments LLC’s holdings in Oracle were worth $6,791,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. HF Advisory Group LLC grew its stake in shares of Oracle by 2.6% in the 4th quarter. HF Advisory Group LLC now owns 15,104 shares of the enterprise software provider’s stock worth $2,517,000 after acquiring an additional 386 shares in the last quarter. BNC Wealth Management LLC boosted its holdings in Oracle by 3.2% during the fourth quarter. BNC Wealth Management LLC now owns 30,475 shares of the enterprise software provider’s stock worth $5,078,000 after purchasing an additional 939 shares during the last quarter. Sandy Cove Advisors LLC grew its position in Oracle by 5.2% in the 4th quarter. Sandy Cove Advisors LLC now owns 2,612 shares of the enterprise software provider’s stock worth $435,000 after purchasing an additional 128 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its stake in Oracle by 7.5% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 18,666 shares of the enterprise software provider’s stock valued at $3,111,000 after buying an additional 1,306 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in shares of Oracle by 2.1% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 10,152 shares of the enterprise software provider’s stock worth $1,692,000 after buying an additional 204 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

Shares of ORCL stock opened at $161.05 on Friday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The business’s fifty day moving average is $175.44 and its 200 day moving average is $161.34. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analyst Ratings Changes

Several research firms have recently issued reports on ORCL. Stifel Nicolaus upped their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday. They set an “overweight” rating and a $214.00 price objective for the company. Finally, Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.