Hohimer Wealth Management LLC Has $4.31 Million Stake in Oracle Co. (NYSE:ORCL)

Hohimer Wealth Management LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,307 shares of the enterprise software provider’s stock after acquiring an additional 431 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Oracle were worth $4,312,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ORCL. Great Valley Advisor Group Inc. grew its holdings in shares of Oracle by 11.7% during the second quarter. Great Valley Advisor Group Inc. now owns 16,013 shares of the enterprise software provider’s stock worth $2,261,000 after purchasing an additional 1,678 shares during the last quarter. ORG Partners LLC grew its holdings in Oracle by 624.0% during the 2nd quarter. ORG Partners LLC now owns 6,719 shares of the enterprise software provider’s stock worth $961,000 after acquiring an additional 5,791 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Oracle by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 139,571 shares of the enterprise software provider’s stock valued at $19,707,000 after acquiring an additional 13,412 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Oracle by 2.8% during the second quarter. Cornerstone Wealth Management LLC now owns 3,952 shares of the enterprise software provider’s stock worth $558,000 after purchasing an additional 108 shares in the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $235,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday. Bank of America raised their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup raised their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, DA Davidson boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

Shares of ORCL opened at $177.74 on Wednesday. The firm’s 50 day moving average price is $179.76 and its two-hundred day moving average price is $154.67. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $198.31. The firm has a market cap of $492.53 billion, a P/E ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced 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 return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is presently 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

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.