Founders Grove Wealth Partners LLC Purchases New Shares in Oracle Co. (NYSE:ORCL)

Founders Grove Wealth Partners LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,771 shares of the enterprise software provider’s stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Principal Financial Group Inc. raised its position in 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 worth $411,748,000 after buying an additional 121,874 shares during the last quarter. RMR Wealth Builders raised its position in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in Oracle by 15.3% during the 2nd 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 during the last quarter. Chase Investment Counsel Corp purchased a new position in Oracle during the 3rd quarter worth $4,160,000. Finally, Oppenheimer Asset Management Inc. raised its position in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after buying an additional 126,985 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Finally, Mizuho increased their price target 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 equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Oracle Price Performance

ORCL opened at $156.34 on Wednesday. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31. The company’s 50 day simple moving average is $176.99 and its 200 day simple moving average is $161.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $437.28 billion, a PE ratio of 38.22, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, January 10th. Oracle’s 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.