Oracle Co. (NYSE:ORCL) Holdings Lowered by WealthBridge Investment Counsel Inc.

WealthBridge Investment Counsel Inc. trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,625 shares of the enterprise software provider's stock after selling 4,500 shares during the quarter. Oracle makes up 4.7% of WealthBridge Investment Counsel Inc.'s holdings, making the stock its 3rd largest position. WealthBridge Investment Counsel Inc.'s holdings in Oracle were worth $12,935,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in Oracle in the 3rd quarter valued at about $44,000. Avondale Wealth Management acquired a new stake in Oracle during the third quarter worth approximately $51,000. Friedenthal Financial bought a new stake in shares of Oracle during the third quarter worth approximately $51,000. Finally, Activest Wealth Management boosted its holdings 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 worth $53,000 after acquiring an additional 56 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. BNP Paribas upgraded Oracle to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, Evercore ISI upped their price target on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. One equities 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $182.73.

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL traded up $1.51 during trading hours on Friday, hitting $161.05. 11,593,649 shares of the company's stock traded hands, compared to its average volume of 5,912,798. The business has a fifty day moving average price of $175.44 and a 200-day moving average price of $161.46. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. 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 capitalization of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

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 analysts' consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share. Equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle's dividend payout ratio (DPR) is 39.12%.

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.