Annex Advisory Services LLC Purchases 13,652 Shares of Oracle Co. (NYSE:ORCL)

Annex Advisory Services LLC raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,989 shares of the enterprise software provider's stock after purchasing an additional 13,652 shares during the quarter. Oracle makes up approximately 1.0% of Annex Advisory Services LLC's holdings, making the stock its 23rd biggest position. Annex Advisory Services LLC's holdings in Oracle were worth $32,326,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its stake in shares of 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 in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter valued at approximately $44,000. Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter valued at approximately $51,000. Friedenthal Financial bought a new stake in Oracle during the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management boosted its stake 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 purchasing an additional 56 shares during the period. Institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Morgan Stanley increased their price target on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on Oracle in a research report on Friday. They set an "overweight" rating and a $214.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Oracle Stock Up 0.9 %

Shares of ORCL traded up $1.51 during trading hours on Monday, hitting $161.05. The stock had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. 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 firm has a 50 day simple moving average of $175.44 and a 200-day simple moving average of $161.58. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. Oracle's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict 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 dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle's payout ratio is 39.12%.

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.