AdvisorNet Financial Inc Has $1.40 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

AdvisorNet Financial Inc decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 83.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,414 shares of the enterprise software provider's stock after selling 41,169 shares during the period. AdvisorNet Financial Inc's holdings in Oracle were worth $1,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Oracle during the second quarter valued at approximately $27,000. Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $40,000. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter worth $44,000. Avondale Wealth Management purchased a new stake in shares of Oracle during the third quarter worth $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle during the third quarter valued at $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 1.6 %

ORCL opened at $156.34 on Wednesday. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The firm has a market cap of $437.28 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 3.39 and a beta of 1.06. The firm's 50-day simple moving average is $176.99 and its 200-day simple moving average is $161.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. The business's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ORCL shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Stifel Nicolaus raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Finally, Citigroup lifted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $181.48.

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.