XML Financial LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,394 shares of the enterprise software provider’s stock after selling 1,844 shares during the quarter. XML Financial LLC’s holdings in Oracle were worth $2,565,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ORCL. Winch Advisory Services LLC increased its stake 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 period. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. Friedenthal Financial acquired a new position in shares of Oracle in the third quarter valued at $51,000. Finally, Activest Wealth Management boosted its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares in the last quarter. 42.44% of the stock is owned by institutional investors.
Oracle Stock Up 7.3 %
ORCL stock opened at $172.82 on Wednesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. 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. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business has a 50-day moving average of $174.87 and a 200-day moving average of $161.70.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on ORCL. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald began coverage on Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.
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