Martel Wealth Advisors Inc Takes Position in Oracle Co. (NYSE:ORCL)

Martel Wealth Advisors Inc acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the enterprise software provider's stock, valued at approximately $500,000.

Several other institutional investors also recently modified their holdings of ORCL. Activest Wealth Management boosted its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC boosted its stake in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock valued at $650,000 after purchasing an additional 58 shares during the period. Cadence Bank boosted its stake in shares of Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after purchasing an additional 59 shares during the period. Eagle Rock Investment Company LLC lifted its stake in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after acquiring an additional 64 shares during the period. Finally, W Advisors LLC lifted its stake in Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock worth $368,000 after acquiring an additional 64 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 7.3 %

NYSE:ORCL traded up $11.79 during mid-day trading on Tuesday, hitting $172.82. The company had a trading volume of 29,478,549 shares, compared to its average volume of 10,327,390. The business has a fifty day simple moving average of $174.87 and a 200-day simple moving average of $161.70. 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 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. Oracle Co. has a 1 year low of $106.51 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 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 previous year, the firm posted $1.34 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid 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 presently 39.12%.

Analysts Set New Price Targets

Several brokerages have commented on ORCL. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Cantor Fitzgerald began coverage on Oracle in a research report on Friday. They set an "overweight" rating and a $214.00 price objective for the company. Morgan Stanley raised their price objective on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Finally, Evercore ISI raised their price objective on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

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.