PFW Advisors LLC Acquires New Shares in Oracle Co. (NYSE:ORCL)

PFW Advisors LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,871 shares of the enterprise software provider’s stock, valued at approximately $312,000.

Several other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in Oracle during the second quarter worth approximately $40,000. Federated Hermes Inc. boosted its holdings in shares of Oracle by 412.8% during the 2nd quarter. Federated Hermes Inc. now owns 257,573 shares of the enterprise software provider’s stock worth $36,369,000 after buying an additional 207,340 shares during the period. Thoroughbred Financial Services LLC grew its stake in Oracle by 138.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 13,088 shares of the enterprise software provider’s stock valued at $1,848,000 after buying an additional 7,597 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Oracle by 1.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 19,346 shares of the enterprise software provider’s stock worth $2,732,000 after acquiring an additional 251 shares during the period. Finally, Williams Financial LLC bought a new stake in Oracle during the second quarter valued at about $2,647,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.5 %

ORCL traded down $0.77 during mid-day trading on Monday, reaching $153.73. The stock had a trading volume of 8,329,484 shares, compared to its average volume of 7,901,509. The firm’s fifty day simple moving average is $177.62 and its two-hundred day simple moving average is $161.04. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $429.98 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.48.

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.