Oracle Co. (NYSE:ORCL) Shares Purchased by HF Advisory Group LLC

HF Advisory Group LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,104 shares of the enterprise software provider’s stock after buying an additional 386 shares during the quarter. Oracle makes up approximately 1.2% of HF Advisory Group LLC’s holdings, making the stock its 24th largest holding. HF Advisory Group LLC’s holdings in Oracle were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. RMR Wealth Builders increased its holdings in shares of Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Oracle by 15.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares during the period. Chase Investment Counsel Corp acquired a new position in Oracle in the third quarter valued at $4,160,000. Finally, Oppenheimer Asset Management Inc. grew its position in Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after acquiring an additional 126,985 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” 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 company an “overweight” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL opened at $161.05 on Friday. The company has a 50 day moving average of $175.44 and a 200-day moving average of $161.34. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 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.