Founders Grove Wealth Partners LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Founders Grove Wealth Partners LLC acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,771 shares of the enterprise software provider's stock, valued at approximately $295,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after buying an additional 121,874 shares during the period. RMR Wealth Builders lifted its stake in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after acquiring an additional 5,675 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp purchased a new stake in Oracle in the third quarter valued at $4,160,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after buying an additional 126,985 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. JMP Securities reiterated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. DA Davidson increased their price target on Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. KeyCorp increased 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. Guggenheim upped their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. One equities 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $181.48.

Oracle Trading Up 1.4 %

ORCL traded up $2.24 on Wednesday, hitting $158.55. The company had a trading volume of 6,821,464 shares, compared to its average volume of 7,754,817. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The firm has a market cap of $443.46 billion, a P/E ratio of 38.77, a PEG ratio of 3.39 and a beta of 1.06. The company's fifty day moving average price is $176.99 and its 200 day moving average price is $161.24. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31.

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 the consensus estimate 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 analysts' expectations of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. Oracle's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is currently 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.