Independent Solutions Wealth Management LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Independent Solutions Wealth Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,274 shares of the enterprise software provider’s stock, valued at approximately $217,000.

A number of other hedge funds also recently made changes to their positions in ORCL. SMART Wealth LLC purchased a new stake in Oracle during the third quarter worth about $786,000. Lord Abbett & CO. LLC grew its position in shares of Oracle by 84.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after acquiring an additional 395,613 shares during the period. Legacy Wealth Management LLC MS increased its stake in shares of Oracle by 125.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 3,879 shares of the enterprise software provider’s stock worth $661,000 after purchasing an additional 2,160 shares during the last quarter. DGS Capital Management LLC raised its holdings in shares of Oracle by 6.6% in the 3rd quarter. DGS Capital Management LLC now owns 6,486 shares of the enterprise software provider’s stock worth $1,105,000 after purchasing an additional 399 shares during the period. Finally, Copley Financial Group Inc. purchased a new position in Oracle in the third quarter valued at approximately $546,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 2.0 %

Shares of ORCL opened at $168.79 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $101.74 and a 1-year high of $198.31. The company has a market capitalization of $472.10 billion, a P/E ratio of 41.27, a P/E/G ratio of 3.39 and a beta of 1.03. The firm’s 50 day simple moving average is $179.95 and its 200 day simple moving average is $157.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is 39.12%.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.63.

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.