1,723 Shares in Oracle Co. (NYSE:ORCL) Bought by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,723 shares of the enterprise software provider's stock, valued at approximately $287,000.

Several other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. RMR Wealth Builders lifted its holdings in shares of Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after acquiring an additional 5,675 shares during the period. Itau Unibanco Holding S.A. boosted its position in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new position in Oracle in the third quarter valued at approximately $4,160,000. Finally, Oppenheimer Asset Management Inc. raised its position in Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after purchasing an additional 126,985 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. Monness Crespi & Hardt downgraded Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Finally, Piper Sandler increased 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $182.73.

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL traded up $1.51 during midday trading on Monday, reaching $161.05. The company's stock had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50 day moving average price of $175.44 and a two-hundred day moving average price of $161.58. The firm has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. As a group, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle's dividend payout ratio is currently 39.12%.

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.