Madison Park Capital Advisors LLC Raises Holdings in Oracle Co. (NYSE:ORCL)

Madison Park Capital Advisors LLC lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 277.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,482 shares of the enterprise software provider's stock after buying an additional 4,028 shares during the quarter. Madison Park Capital Advisors LLC's holdings in Oracle were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ORCL. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new position in Oracle in the 3rd quarter worth about $44,000. Avondale Wealth Management acquired a new position in Oracle in the 3rd quarter worth about $51,000. Friedenthal Financial acquired a new position in Oracle in the 3rd quarter worth about $51,000. Finally, Activest Wealth Management raised its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. Evercore ISI upped their price target on Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a report on Tuesday, December 10th. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, BNP Paribas raised Oracle to a "strong-buy" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $182.73.

Oracle Trading Up 7.3 %

Shares of Oracle stock opened at $172.82 on Wednesday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The stock has a 50 day moving average of $174.54 and a 200 day moving average of $161.90. The firm has a market capitalization of $483.37 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 3.16 and a beta of 1.06. 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict 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 0.93%. Oracle's dividend payout ratio is currently 39.12%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.