Beacon Investment Advisory Services Inc. Buys 177 Shares of Oracle Co. (NYSE:ORCL)

Beacon Investment Advisory Services Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,007 shares of the enterprise software provider’s stock after purchasing an additional 177 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Oracle were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares in the last quarter. State Street Corp grew its stake in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Oracle by 2,899.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after purchasing an additional 883,233 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 6.7 %

Shares of ORCL opened at $184.18 on Thursday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. 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 has a 50 day simple moving average of $174.43 and a two-hundred day simple moving average of $162.05. The firm has a market cap of $515.14 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ORCL shares. Sanford C. Bernstein increased their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. UBS Group increased their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.