HB Wealth Management LLC Purchases 4,581 Shares of Oracle Co. (NYSE:ORCL)

HB Wealth Management LLC raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,623 shares of the enterprise software provider's stock after buying an additional 4,581 shares during the quarter. HB Wealth Management LLC's holdings in Oracle were worth $30,932,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. KRS Capital Management LLC lifted its stake in Oracle by 0.8% in the 4th quarter. KRS Capital Management LLC now owns 10,916 shares of the enterprise software provider's stock worth $1,819,000 after acquiring an additional 85 shares in the last quarter. Trust Co. of Vermont lifted its position in Oracle by 4.4% in the 4th quarter. Trust Co. of Vermont now owns 44,938 shares of the enterprise software provider's stock worth $7,488,000 after buying an additional 1,907 shares in the last quarter. Westend Capital Management LLC boosted its stake in shares of Oracle by 144.6% during the 4th quarter. Westend Capital Management LLC now owns 494 shares of the enterprise software provider's stock valued at $82,000 after buying an additional 292 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of Oracle by 1.2% during the 4th quarter. Premier Path Wealth Partners LLC now owns 7,017 shares of the enterprise software provider's stock valued at $1,169,000 after acquiring an additional 82 shares in the last quarter. Finally, Alhambra Investment Management LLC raised its holdings in shares of Oracle by 1.6% during the fourth quarter. Alhambra Investment Management LLC now owns 5,384 shares of the enterprise software provider's stock worth $897,000 after acquiring an additional 84 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL traded up $1.51 on Friday, reaching $161.05. 11,593,649 shares of the stock traded hands, compared to its average volume of 5,912,798. The stock's 50-day moving average price is $175.44 and its 200-day moving average price is $161.34. 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 market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle's payout ratio is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 10th. Finally, Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.