Baker Tilly Wealth Management LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Baker Tilly Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,584 shares of the enterprise software provider’s stock after buying an additional 1,340 shares during the period. Oracle comprises approximately 1.3% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 17th largest position. Baker Tilly Wealth Management LLC’s holdings in Oracle were worth $3,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Oracle during the second quarter valued at $27,000. Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter valued at about $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle in the third quarter worth approximately $51,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein upped their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Piper Sandler upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. 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. Finally, UBS Group boosted their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Trading Down 3.9 %

ORCL traded down $6.37 during trading on Friday, reaching $156.37. The company had a trading volume of 3,189,125 shares, compared to its average volume of 5,972,659. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50 day simple moving average of $177.93 and a 200-day simple moving average of $160.63. The stock has a market cap of $437.36 billion, a P/E ratio of 38.23, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 52 week low of $103.54 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Oracle 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.