Oracle Co. (NYSE:ORCL) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 25.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,311 shares of the enterprise software provider's stock after purchasing an additional 1,884 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Oracle were worth $1,552,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Activest Wealth Management boosted its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC boosted its stake in 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 purchasing an additional 58 shares in the last quarter. Cadence Bank boosted its stake in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC boosted its stake in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after purchasing an additional 64 shares in the last quarter. Finally, W Advisors LLC boosted its stake in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock worth $368,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL traded up $1.51 on Friday, hitting $161.05. 11,593,649 shares of the company's stock were exchanged, compared to its average volume of 5,912,798. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50-day moving average price of $175.44 and a 200-day moving average price of $161.34. The stock 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 (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

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

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price objective 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. Royal Bank of Canada restated a "sector perform" rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Citigroup lifted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

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.