RDA Financial Network Boosts Stake in Oracle Co. (NYSE:ORCL)

RDA Financial Network raised its position in Oracle Co. (NYSE:ORCL) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,707 shares of the enterprise software provider’s stock after purchasing an additional 298 shares during the quarter. Oracle accounts for approximately 0.9% of RDA Financial Network’s portfolio, making the stock its 25th largest holding. RDA Financial Network’s holdings in Oracle were worth $3,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter worth $40,000. Reston Wealth Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the 3rd quarter valued at $51,000. Finally, Friedenthal Financial purchased a new stake in Oracle during the 3rd quarter worth $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL stock opened at $159.73 on Friday. The company has a market cap of $446.76 billion, a P/E ratio of 39.05, a PEG ratio of 3.03 and a beta of 1.06. The business has a 50 day moving average of $176.53 and a two-hundred day moving average of $161.22. Oracle Co. has a 52 week low of $105.68 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company 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 company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company 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 of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Citigroup boosted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets upped their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.