Stokes Capital Advisors LLC Raises Stake in Oracle Co. (NYSE:ORCL)

Stokes Capital Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 40.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,835 shares of the enterprise software provider’s stock after acquiring an additional 1,107 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Oracle were worth $639,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Winch Advisory Services LLC grew its position in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter valued at approximately $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the third quarter worth approximately $51,000. Friedenthal Financial purchased a new position in shares of Oracle in the third quarter worth $51,000. Finally, Activest Wealth Management raised its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $161.05 on Monday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm’s 50-day moving average is $175.44 and its 200 day moving average is $161.46. The stock has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. Sell-side analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORCL. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Oracle in a research report on Friday. They set an “overweight” rating and a $214.00 price target for the company. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

About Oracle

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.