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

Matthew Goff Investment Advisor LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 80,453 shares of the enterprise software provider’s stock after selling 1,037 shares during the period. Oracle comprises about 2.5% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 13th largest holding. Matthew Goff Investment Advisor LLC’s holdings in Oracle were worth $13,407,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. RMR Wealth Builders raised its stake in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Chase Investment Counsel Corp bought a new position in shares of Oracle in the third quarter valued at approximately $4,160,000. Oppenheimer Asset Management Inc. boosted its position in shares of Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after buying an additional 126,985 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Oracle by 84.5% during the third quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock worth $147,206,000 after buying an additional 395,613 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.0 %

Shares of NYSE:ORCL opened at $186.08 on Friday. The firm has a fifty day moving average price of $174.43 and a two-hundred day moving average price of $162.05. The company has a market cap of $520.44 billion, a price-to-earnings ratio of 45.50, a PEG 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 one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid 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 yield of 0.86%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Cantor Fitzgerald began coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective for the company. Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Guggenheim increased their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently 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.