Wedmont Private Capital Acquires 1,812 Shares of Oracle Co. (NYSE:ORCL)

Wedmont Private Capital boosted its stake in Oracle Co. (NYSE:ORCL) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,298 shares of the enterprise software provider’s stock after purchasing an additional 1,812 shares during the quarter. Oracle comprises 0.7% of Wedmont Private Capital’s investment portfolio, making the stock its 24th biggest position. Wedmont Private Capital’s holdings in Oracle were worth $14,105,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, September 16th. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Down 0.8 %

Shares of Oracle stock traded down $1.26 on Monday, hitting $153.24. The stock had a trading volume of 4,353,061 shares, compared to its average volume of 7,312,621. The stock’s 50-day simple moving average is $177.62 and its two-hundred day simple moving average is $161.04. Oracle Co. has a one year low of $105.42 and a one year high of $198.31. The stock has a market cap of $428.61 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 3.39 and a beta of 1.06. 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 (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 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.