Cvfg LLC Buys New Stake in Oracle Co. (NYSE:ORCL)

Cvfg LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,846 shares of the enterprise software provider's stock, valued at approximately $808,000.

A number of other large investors have also recently made changes to their positions in ORCL. Activest Wealth Management grew its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC lifted its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after buying an additional 58 shares during the period. Cadence Bank grew its position in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after buying an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC increased its stake in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock valued at $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC raised its holdings in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock valued at $368,000 after acquiring an additional 64 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

NYSE ORCL traded up $1.51 during trading hours on Friday, reaching $161.05. The stock had a trading volume of 11,593,649 shares, compared to its average volume of 8,612,270. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a fifty day moving average of $176.00 and a 200 day moving average of $161.21. 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 stock has a market cap 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. Sell-side analysts predict 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. Shareholders of record on Thursday, January 23rd were paid 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 dividend yield of 0.99%. Oracle's payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Monness Crespi & Hardt lowered Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price for the company. in a report on Friday, December 20th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Finally, UBS Group upped their price objective on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.