Oracle Co. (NYSE:ORCL) Shares Purchased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC grew its position in Oracle Co. (NYSE:ORCL - Free Report) by 96.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,364 shares of the enterprise software provider's stock after acquiring an additional 5,076 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Oracle were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Avanza Fonder AB purchased a new stake in shares of Oracle during the fourth quarter valued at $20,346,000. Procyon Advisors LLC raised its position in Oracle by 3.9% during the 4th quarter. Procyon Advisors LLC now owns 95,004 shares of the enterprise software provider's stock valued at $15,832,000 after purchasing an additional 3,568 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Oracle by 5.9% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 459,149 shares of the enterprise software provider's stock worth $76,462,000 after buying an additional 25,613 shares during the period. RDA Financial Network grew its position in shares of Oracle by 1.6% during the 4th quarter. RDA Financial Network now owns 18,707 shares of the enterprise software provider's stock worth $3,117,000 after buying an additional 298 shares in the last quarter. Finally, Woodstock Corp increased its stake in shares of Oracle by 1.9% during the fourth quarter. Woodstock Corp now owns 115,685 shares of the enterprise software provider's stock valued at $19,278,000 after buying an additional 2,121 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. Royal Bank of Canada restated a "sector perform" rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. JMP Securities reiterated a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein boosted their target price on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $182.73.

Oracle Stock Performance

Shares of ORCL traded up $1.51 during mid-day trading on Friday, hitting $161.05. 11,593,649 shares of the company's stock were exchanged, compared to its average volume of 8,612,270. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business's 50 day moving average is $176.00 and its two-hundred day moving average is $161.21. The firm has a market capitalization of $450.44 billion, a P/E 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 issued 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business earned $1.34 earnings per share. Oracle's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle's dividend payout ratio is presently 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.