FOCUS Wealth Advisors LLC Acquires New Position in Oracle Co. (NYSE:ORCL)

FOCUS Wealth Advisors LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,741 shares of the enterprise software provider's stock, valued at approximately $1,457,000.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in Oracle by 97.7% in the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider's stock worth $7,912,000 after purchasing an additional 27,685 shares in the last quarter. Pacer Advisors Inc. raised its stake in Oracle by 36.0% in the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider's stock worth $20,856,000 after buying an additional 39,107 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Oracle by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider's stock worth $13,527,000 after buying an additional 6,215 shares during the period. Summit Trail Advisors LLC boosted its position in Oracle by 30.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider's stock valued at $2,160,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Oracle by 1.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider's stock valued at $469,527,000 after acquiring an additional 53,809 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of NYSE ORCL traded up $1.51 during midday trading on Monday, hitting $161.05. 11,593,649 shares of the stock traded hands, compared to its average volume of 5,912,798. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The firm has a 50-day moving average of $175.44 and a two-hundred day moving average of $161.58.

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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle's payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORCL. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Guggenheim raised their target price on shares of Oracle from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued 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.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $182.73.

Oracle Company 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.