Smith Salley Wealth Management Has $697,000 Position in Oracle Co. (NYSE:ORCL)

Smith Salley Wealth Management raised its stake in Oracle Co. (NYSE:ORCL) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,180 shares of the enterprise software provider’s stock after buying an additional 71 shares during the quarter. Smith Salley Wealth Management’s holdings in Oracle were worth $697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter worth approximately $44,000. Avondale Wealth Management bought a new stake in Oracle during the third quarter worth approximately $51,000. Friedenthal Financial acquired a new position in Oracle during the third quarter valued at approximately $51,000. Finally, Activest Wealth Management raised its position in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.9 %

Shares of ORCL stock opened at $161.05 on Monday. The firm’s fifty day moving average price is $175.44 and its two-hundred day moving average price is $161.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

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 analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. On average, equities analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business 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. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ORCL shares. Sanford C. Bernstein increased 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. Guggenheim lifted their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Citigroup lifted their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.