SMART Wealth LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

SMART Wealth LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,611 shares of the enterprise software provider's stock, valued at approximately $786,000.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC grew its stake in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Franklin Resources Inc. increased its holdings in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Down 1.3 %

Shares of NYSE ORCL traded down $2.17 during trading hours on Monday, reaching $171.22. The stock had a trading volume of 9,565,517 shares, compared to its average volume of 8,406,860. The business's fifty day moving average price is $180.44 and its two-hundred day moving average price is $156.54. The firm has a market cap of $478.90 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 3.39 and a beta of 1.03. Oracle Co. has a 52-week low of $101.74 and a 52-week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. Analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle's payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th. Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Piper Sandler increased their price objective 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. Finally, KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.63.

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.