Capital Investment Advisors LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Capital Investment Advisors LLC raised its position in Oracle Co. (NYSE:ORCL) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,055 shares of the enterprise software provider’s stock after buying an additional 1,527 shares during the quarter. Capital Investment Advisors LLC’s holdings in Oracle were worth $11,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter worth $27,000. Reston Wealth Management LLC acquired a new position in Oracle in the 3rd quarter valued at about $44,000. Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $40,000. Avondale Wealth Management purchased a new stake in Oracle in the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle during the third quarter worth $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL traded down $1.48 during trading hours on Monday, hitting $153.02. 2,871,979 shares of the company traded hands, compared to its average volume of 7,068,499. The firm has a 50-day moving average of $177.62 and a 200 day moving average of $161.04. The stock has a market capitalization of $427.99 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 firm 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 for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their target price 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. Finally, Guggenheim boosted their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.