Salvus Wealth Management LLC Has $808,000 Position in Oracle Co. (NYSE:ORCL)

Salvus Wealth Management LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 42.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,847 shares of the enterprise software provider’s stock after acquiring an additional 1,434 shares during the quarter. Salvus Wealth Management LLC’s holdings in Oracle were worth $808,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORCL. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Oracle during the third quarter valued at approximately $44,000. Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter valued at $40,000. Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter valued at $51,000. Finally, Friedenthal Financial bought a new position in shares of Oracle in the third quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ORCL shares. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Trading Up 0.9 %

ORCL opened at $159.73 on Friday. The stock has a market cap of $446.76 billion, a PE ratio of 39.05, a PEG ratio of 3.03 and a beta of 1.06. The business has a 50 day moving average of $176.53 and a 200-day moving average of $161.22. Oracle Co. has a 52 week low of $105.68 and a 52 week high of $198.31. 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 (NYSE:ORCL) last issued its quarterly earnings results 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 company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. Equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. Oracle’s dividend payout ratio (DPR) 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.