Oracle Co. (NYSE:ORCL) Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 140.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,028 shares of the enterprise software provider’s stock after purchasing an additional 22,238 shares during the quarter. Fiduciary Alliance LLC’s holdings in Oracle were worth $6,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ORCL. Quest Partners LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $40,000. Federated Hermes Inc. boosted its position in Oracle by 412.8% during the second quarter. Federated Hermes Inc. now owns 257,573 shares of the enterprise software provider’s stock worth $36,369,000 after purchasing an additional 207,340 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in Oracle by 138.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 13,088 shares of the enterprise software provider’s stock valued at $1,848,000 after acquiring an additional 7,597 shares during the period. Wealthspire Advisors LLC increased its stake in shares of Oracle by 1.3% during the second quarter. Wealthspire Advisors LLC now owns 19,346 shares of the enterprise software provider’s stock worth $2,732,000 after purchasing an additional 251 shares in the last quarter. Finally, Williams Financial LLC acquired a new position in shares of Oracle during the second quarter valued at approximately $2,647,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Stifel Nicolaus upped their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Citigroup raised their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Performance

ORCL traded down $1.25 during midday trading on Monday, reaching $153.25. The company’s stock had a trading volume of 1,531,125 shares, compared to its average volume of 6,870,693. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The company has a fifty day simple moving average of $177.62 and a 200 day simple moving average of $161.04. The stock has a market cap of $428.63 billion, a P/E ratio of 37.47, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) 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 the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. Research analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 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.