Asset Allocation & Management Company LLC Purchases New Shares in Oracle Co. (NYSE:ORCL)

Asset Allocation & Management Company LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,025 shares of the enterprise software provider’s stock, valued at approximately $337,000.

A number of other large investors also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter worth about $27,000. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter worth approximately $44,000. Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $40,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle in the 3rd quarter worth approximately $51,000. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ORCL shares. 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. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Price Performance

NYSE:ORCL traded down $1.91 during trading hours on Monday, hitting $152.59. 3,203,561 shares of the stock traded hands, compared to its average volume of 7,132,005. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31. The company has a market cap of $426.79 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The stock has a 50 day moving average price of $177.62 and a 200 day moving average price of $161.04.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 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.