Diversify Wealth Management LLC Purchases 10,500 Shares of Oracle Co. (NYSE:ORCL)

Diversify Wealth Management LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,231 shares of the enterprise software provider's stock after buying an additional 10,500 shares during the quarter. Diversify Wealth Management LLC's holdings in Oracle were worth $7,297,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ORCL. Winch Advisory Services LLC increased its position in Oracle by 89.7% during the fourth 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 during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at about $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the third quarter valued at about $51,000. Friedenthal Financial acquired a new stake in Oracle during the third quarter worth about $51,000. Finally, Activest Wealth Management increased its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after acquiring an additional 56 shares during the period. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Guggenheim raised their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Piper Sandler raised their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. One 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Up 0.9 %

Shares of Oracle stock traded up $1.51 on Monday, hitting $161.05. The company had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. The stock has a 50-day moving average of $175.44 and a 200-day moving average of $161.58. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. Research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is presently 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.