Cyndeo Wealth Partners LLC Acquires 1,242 Shares of Oracle Co. (NYSE:ORCL)

Cyndeo Wealth Partners LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,368 shares of the enterprise software provider’s stock after acquiring an additional 1,242 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Oracle were worth $12,393,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of Oracle by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 21,352 shares of the enterprise software provider’s stock worth $3,558,000 after purchasing an additional 765 shares during the last quarter. Aspiring Ventures LLC bought a new position in Oracle in the 4th quarter worth $284,000. Fifth Third Bancorp lifted its holdings in Oracle by 0.3% during the fourth quarter. Fifth Third Bancorp now owns 1,174,621 shares of the enterprise software provider’s stock valued at $195,739,000 after purchasing an additional 3,788 shares in the last quarter. DGS Capital Management LLC increased its stake in Oracle by 2.7% in the 4th quarter. DGS Capital Management LLC now owns 6,659 shares of the enterprise software provider’s stock worth $1,110,000 after buying an additional 173 shares in the last quarter. Finally, Goelzer Investment Management Inc. boosted its stake in Oracle by 10.4% in the 4th quarter. Goelzer Investment Management Inc. now owns 6,838 shares of the enterprise software provider’s stock worth $1,139,000 after purchasing an additional 646 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Evercore ISI boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of ORCL opened at $183.59 on Friday. The company has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The business’s 50-day moving average is $174.41 and its two-hundred day moving average is $162.49. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current 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 announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

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.