Diversify Wealth Management LLC Buys 10,500 Shares of Oracle Co. (NYSE:ORCL)

Diversify Wealth Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 28.6% in the fourth quarter, HoldingsChannel reports. The firm owned 47,231 shares of the enterprise software provider’s stock after buying an additional 10,500 shares during the quarter. Diversify Wealth Management LLC’s holdings in Oracle were worth $7,297,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised 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 buying an additional 121,874 shares in the last quarter. RMR Wealth Builders increased its stake in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. raised its position 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 valued at $3,502,000 after purchasing an additional 3,300 shares during the period. Chase Investment Counsel Corp purchased a new position in shares of Oracle in the 3rd quarter worth approximately $4,160,000. Finally, Oppenheimer Asset Management Inc. increased 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 purchasing an additional 126,985 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp raised 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. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday. They set an “overweight” rating and a $214.00 target price on the stock. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

ORCL opened at $161.05 on Monday. The firm’s 50-day moving average price is $175.44 and its 200-day moving average price is $161.46. The company has a market cap of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $106.51 and a 52-week 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 analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 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.