Oracle Co. (NYSE:ORCL) Shares Bought by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,409 shares of the enterprise software provider’s stock after buying an additional 241 shares during the period. Oracle accounts for approximately 1.3% of Chemistry Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Chemistry Wealth Management LLC’s holdings in Oracle were worth $5,734,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ORCL. Winch Advisory Services LLC increased its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $44,000. Avondale Wealth Management purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $51,000. Friedenthal Financial purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management grew its stake in shares of Oracle by 21.9% in the 3rd 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 last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday. They issued an “overweight” rating and a $214.00 target price on the stock. Finally, Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Shares of NYSE ORCL opened at $161.05 on Friday. The stock has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company’s 50-day moving average price is $176.00 and its 200 day moving average price is $161.21. 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 (NYSE:ORCL) last issued its quarterly earnings data 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). The business 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

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.