Matthew Goff Investment Advisor LLC Has $13.41 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Matthew Goff Investment Advisor LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,453 shares of the enterprise software provider’s stock after selling 1,037 shares during the quarter. Oracle comprises approximately 2.5% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 13th largest position. Matthew Goff Investment Advisor LLC’s holdings in Oracle were worth $13,407,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORCL. Activest Wealth Management increased its position in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC grew its stake in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank raised its stake in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC boosted its holdings in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after buying an additional 64 shares during the last quarter. Finally, W Advisors LLC grew its stake in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $186.08 on Friday. The company’s 50 day moving average price is $174.43 and its two-hundred day moving average price is $162.05. The firm has a market capitalization of $520.44 billion, a P/E ratio of 45.50, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. 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. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

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.