HCR Wealth Advisors Buys 330 Shares of Oracle Co. (NYSE:ORCL)

HCR Wealth Advisors lifted its stake in Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,080 shares of the enterprise software provider’s stock after buying an additional 330 shares during the quarter. Oracle makes up about 0.5% of HCR Wealth Advisors’ holdings, making the stock its 29th biggest holding. HCR Wealth Advisors’ holdings in Oracle were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC bought a new position in shares of Oracle in the second quarter valued at approximately $40,000. Axxcess Wealth Management LLC increased its holdings in Oracle by 6.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 28,203 shares of the enterprise software provider’s stock valued at $3,982,000 after purchasing an additional 1,745 shares in the last quarter. E Fund Management Co. Ltd. raised its position in Oracle by 32.2% in the 2nd quarter. E Fund Management Co. Ltd. now owns 26,279 shares of the enterprise software provider’s stock valued at $3,711,000 after purchasing an additional 6,406 shares during the last quarter. Meridian Wealth Partners LLC boosted its stake in Oracle by 5.7% in the second quarter. Meridian Wealth Partners LLC now owns 2,740 shares of the enterprise software provider’s stock worth $387,000 after purchasing an additional 148 shares in the last quarter. Finally, Argent Trust Co grew its holdings in shares of Oracle by 7.2% during the second quarter. Argent Trust Co now owns 104,852 shares of the enterprise software provider’s stock worth $14,805,000 after purchasing an additional 7,025 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ORCL shares. BMO Capital Markets lifted their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Tuesday, December 10th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $158.35 on Thursday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50-day moving average is $176.99 and its 200-day moving average is $161.24. Oracle Co. has a one year low of $105.42 and a one year high of $198.31. The firm has a market cap of $442.90 billion, a P/E ratio of 38.72, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its 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). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.34 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.01%. Oracle’s dividend payout ratio (DPR) 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.