Oracle Co. (NYSE:ORCL) Shares Bought by Fortitude Family Office LLC

Fortitude Family Office LLC grew its position in Oracle Co. (NYSE:ORCL) by 16.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,036 shares of the enterprise software provider’s stock after acquiring an additional 148 shares during the period. Fortitude Family Office LLC’s holdings in Oracle were worth $173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Private Trust Co. acquired a new stake in Oracle during the 4th quarter worth approximately $278,000. First Hawaiian Bank raised its stake in shares of Oracle by 5.3% in the fourth quarter. First Hawaiian Bank now owns 43,417 shares of the enterprise software provider’s stock valued at $7,235,000 after acquiring an additional 2,167 shares in the last quarter. Farmers Trust Co. boosted its holdings in Oracle by 25.6% in the fourth quarter. Farmers Trust Co. now owns 24,456 shares of the enterprise software provider’s stock valued at $4,075,000 after purchasing an additional 4,992 shares during the period. InvesTrust acquired a new position in Oracle during the 4th quarter worth $8,667,000. Finally, Fulton Bank N.A. increased its holdings in Oracle by 14.0% during the 4th quarter. Fulton Bank N.A. now owns 46,740 shares of the enterprise software provider’s stock worth $7,789,000 after purchasing an additional 5,739 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.7 %

Shares of Oracle stock opened at $163.13 on Friday. The company has a market cap of $456.27 billion, a P/E ratio of 39.89, a PEG ratio of 3.39 and a beta of 1.06. The firm has a fifty day moving average of $177.93 and a two-hundred day moving average of $160.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a one year low of $102.72 and a one year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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). 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 previous year, the business earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5.03 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORCL shares. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. UBS Group boosted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.