ORG Wealth Partners LLC Purchases 678 Shares of Oracle Co. (NYSE:ORCL)

ORG Wealth Partners LLC increased its position in Oracle Co. (NYSE:ORCL) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,747 shares of the enterprise software provider’s stock after purchasing an additional 678 shares during the quarter. ORG Wealth Partners LLC’s holdings in Oracle were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ORCL. Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $40,000. Bahl & Gaynor Inc. raised its stake in shares of Oracle by 2.7% in the second quarter. Bahl & Gaynor Inc. now owns 31,304 shares of the enterprise software provider’s stock worth $4,420,000 after acquiring an additional 832 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Oracle by 223.9% in the second quarter. American Century Companies Inc. now owns 1,067,682 shares of the enterprise software provider’s stock valued at $150,757,000 after purchasing an additional 738,085 shares in the last quarter. Y.D. More Investments Ltd raised its position in Oracle by 272.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 16,104 shares of the enterprise software provider’s stock worth $2,273,000 after purchasing an additional 11,784 shares during the last quarter. Finally, Trueblood Wealth Management LLC boosted its position in Oracle by 0.8% in the 2nd quarter. Trueblood Wealth Management LLC now owns 12,251 shares of the enterprise software provider’s stock valued at $1,730,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 4.9 %

NYSE:ORCL traded down $7.99 on Friday, hitting $154.75. The stock had a trading volume of 5,268,340 shares, compared to its average volume of 6,375,557. The business’s fifty day moving average is $177.93 and its 200 day moving average is $160.63. The company has a market cap of $432.83 billion, a PE ratio of 37.84, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $103.54 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.03%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Stifel Nicolaus increased their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. UBS Group boosted their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $181.48.

About Oracle

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.