Magnus Financial Group LLC Raises Position in Oracle Co. (NYSE:ORCL)

Magnus Financial Group LLC boosted its position in Oracle Co. (NYSE:ORCL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,207 shares of the enterprise software provider’s stock after purchasing an additional 106 shares during the period. Magnus Financial Group LLC’s holdings in Oracle were worth $1,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Winch Advisory Services LLC lifted its position 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 valued at $31,000 after buying an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at about $44,000. Avondale Wealth Management purchased a new stake in Oracle during the third quarter valued at about $51,000. Friedenthal Financial bought a new position in Oracle during the third quarter worth about $51,000. Finally, Activest Wealth Management increased its stake 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 worth $53,000 after purchasing an additional 56 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Stifel Nicolaus lifted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. Finally, 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Up 6.4 %

Shares of NYSE:ORCL opened at $183.61 on Wednesday. The stock has a market capitalization of $513.55 billion, a P/E ratio of 46.48, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The stock’s 50-day moving average price is $174.54 and its 200-day moving average price is $161.90. 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 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the firm earned $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend 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.