Wealth Alliance Advisory Group LLC Acquires 1,306 Shares of Oracle Co. (NYSE:ORCL)

Wealth Alliance Advisory Group LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,666 shares of the enterprise software provider’s stock after buying an additional 1,306 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Oracle were worth $3,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Bridges Investment Management Inc. increased its position in shares of Oracle by 16.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider’s stock valued at $3,201,000 after purchasing an additional 3,191 shares during the last quarter. AE Wealth Management LLC boosted its stake in Oracle by 97.7% during the second quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock worth $7,912,000 after buying an additional 27,685 shares during the period. Pacer Advisors Inc. increased its position in Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after acquiring an additional 39,107 shares during the last quarter. Sei Investments Co. raised its stake in shares of Oracle by 21.4% in the second quarter. Sei Investments Co. now owns 1,296,012 shares of the enterprise software provider’s stock valued at $182,998,000 after acquiring an additional 228,440 shares during the period. Finally, Blue Whale Capital LLP bought a new stake in shares of Oracle in the 2nd quarter worth about $3,841,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL stock opened at $161.05 on Friday. The firm has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day simple moving average is $175.44 and its 200-day simple moving average is $161.34. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. As a group, equities 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. Cantor Fitzgerald began coverage on Oracle in a research note on Friday. They set an “overweight” rating and a $214.00 price target for the company. UBS Group upped their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. One research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.