Oracle Co. (NYSE:ORCL) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,754 shares of the enterprise software provider’s stock after acquiring an additional 1,848 shares during the period. Daymark Wealth Partners LLC’s holdings in Oracle were worth $16,790,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ORCL. Investment Advisory Group LLC lifted its holdings in shares of Oracle by 12.4% in the 4th quarter. Investment Advisory Group LLC now owns 2,168 shares of the enterprise software provider’s stock worth $361,000 after acquiring an additional 240 shares during the last quarter. Finley Financial LLC purchased a new stake in Oracle in the fourth quarter valued at approximately $63,000. Madison Park Capital Advisors LLC lifted its stake in Oracle by 277.0% during the fourth quarter. Madison Park Capital Advisors LLC now owns 5,482 shares of the enterprise software provider’s stock worth $914,000 after purchasing an additional 4,028 shares in the last quarter. West Branch Capital LLC boosted its position in shares of Oracle by 3.8% during the fourth quarter. West Branch Capital LLC now owns 37,448 shares of the enterprise software provider’s stock worth $6,240,000 after buying an additional 1,375 shares during the period. Finally, Dakota Wealth Management raised its holdings in shares of Oracle by 4.9% in the 4th quarter. Dakota Wealth Management now owns 133,839 shares of the enterprise software provider’s stock valued at $22,303,000 after buying an additional 6,200 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL opened at $172.82 on Wednesday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The stock has a market capitalization of $483.37 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. 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’s fifty day moving average is $174.54 and its two-hundred day moving average is $161.90.

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). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 EPS. On average, sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp upped their target price 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. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

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.