Oracle Co. (NYSE:ORCL) is Stolper Co’s 5th Largest Position

Stolper Co lowered its stake in Oracle Co. (NYSE:ORCL) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,256 shares of the enterprise software provider’s stock after selling 241 shares during the quarter. Oracle makes up 3.2% of Stolper Co’s investment portfolio, making the stock its 5th largest position. Stolper Co’s holdings in Oracle were worth $9,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Quest Partners LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at $40,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at $44,000. Avondale Wealth Management purchased a new stake in Oracle during the third quarter valued at about $51,000. Friedenthal Financial bought a new stake in Oracle during the third quarter worth about $51,000. Finally, Activest Wealth Management lifted its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 1.3 %

Oracle stock opened at $158.35 on Thursday. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31. The firm has a market capitalization of $442.90 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 3.03 and a beta of 1.06. The firm has a 50 day moving average of $176.99 and a 200 day moving average of $161.24. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, DA Davidson boosted their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $181.48.

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.