Oracle Co. (NYSE:ORCL) Shares Acquired by Highline Wealth Partners LLC

Highline Wealth Partners LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 15.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,764 shares of the enterprise software provider’s stock after acquiring an additional 2,110 shares during the period. Highline Wealth Partners LLC’s holdings in Oracle were worth $2,627,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ORCL. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Price Performance

Shares of NYSE ORCL traded down $7.39 during midday trading on Friday, hitting $155.35. The company had a trading volume of 7,060,749 shares, compared to its average volume of 6,647,369. 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 two-hundred day simple moving average of $160.63. Oracle Co. has a twelve month low of $103.54 and a twelve month high of $198.31. The firm has a market capitalization of $434.51 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 analyst estimates of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Oracle Company 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.