Empirical Asset Management LLC Buys 3,761 Shares of Oracle Co. (NYSE:ORCL)

Empirical Asset Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 32.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,413 shares of the enterprise software provider's stock after buying an additional 3,761 shares during the quarter. Empirical Asset Management LLC's holdings in Oracle were worth $2,568,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Winch Advisory Services LLC grew its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth $44,000. Avondale Wealth Management acquired a new position in Oracle in the 3rd quarter worth about $51,000. Friedenthal Financial bought a new position in Oracle in the third quarter valued at about $51,000. Finally, 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 in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.9 %

NYSE:ORCL traded up $1.51 during trading hours on Friday, reaching $161.05. The company had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. The business's 50-day simple moving average is $176.00 and its two-hundred day simple moving average is $161.21. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. 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. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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 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 analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ORCL shares. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. One equities research 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.