Woodstock Corp Buys 2,121 Shares of Oracle Co. (NYSE:ORCL)

Woodstock Corp boosted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,685 shares of the enterprise software provider's stock after purchasing an additional 2,121 shares during the quarter. Oracle makes up approximately 1.9% of Woodstock Corp's holdings, making the stock its 11th largest position. Woodstock Corp's holdings in Oracle were worth $19,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. RMR Wealth Builders lifted its holdings in Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after buying an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new position in shares of Oracle in the third quarter valued at $4,160,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after acquiring an additional 126,985 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORCL shares. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. Finally, Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Trading Up 0.9 %

NYSE:ORCL traded up $1.51 during trading hours on Friday, hitting $161.05. The stock had a trading volume of 11,581,173 shares, compared to its average volume of 8,296,469. The business's 50 day moving average is $176.00 and its 200-day moving average is $161.21. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company 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. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company 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%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. Sell-side analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared 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 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 currently 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.