Relyea Zuckerberg Hanson LLC Acquires 5,076 Shares of Oracle Co. (NYSE:ORCL)

Relyea Zuckerberg Hanson LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 96.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,364 shares of the enterprise software provider’s stock after purchasing an additional 5,076 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Oracle were worth $1,727,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC grew its stake in shares of 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 last quarter. Quest Partners LLC acquired a new position in Oracle in the 2nd quarter worth about $40,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at about $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the third quarter valued at about $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle during the third quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL traded up $2.33 during trading hours on Friday, reaching $161.87. The stock had a trading volume of 1,604,465 shares, compared to its average volume of 7,697,927. The stock has a market cap of $452.75 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The stock has a 50 day simple moving average of $176.53 and a 200 day simple moving average of $161.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced 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 during 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 company’s revenue 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, research analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORCL. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday. They set an “overweight” rating and a $214.00 price target on the stock. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.