Oracle Co. (NYSE:ORCL) Shares Acquired by Zhang Financial LLC

Zhang Financial LLC boosted its position in Oracle Co. (NYSE:ORCL) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,525 shares of the enterprise software provider’s stock after purchasing an additional 215 shares during the quarter. Zhang Financial LLC’s holdings in Oracle were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corundum Group Inc. boosted its holdings in shares of Oracle by 70.9% during the fourth quarter. Corundum Group Inc. now owns 14,868 shares of the enterprise software provider’s stock worth $2,478,000 after purchasing an additional 6,167 shares during the last quarter. Stokes Capital Advisors LLC lifted its position in Oracle by 40.6% during the fourth quarter. Stokes Capital Advisors LLC now owns 3,835 shares of the enterprise software provider’s stock worth $639,000 after buying an additional 1,107 shares during the period. UMB Bank n.a. boosted its stake in Oracle by 49.9% in the 4th quarter. UMB Bank n.a. now owns 212,857 shares of the enterprise software provider’s stock worth $35,470,000 after buying an additional 70,844 shares during the last quarter. FOCUS Wealth Advisors LLC purchased a new stake in Oracle in the 4th quarter valued at about $1,457,000. Finally, Thrive Wealth Management LLC increased its stake in shares of Oracle by 10.9% during the 4th quarter. Thrive Wealth Management LLC now owns 5,855 shares of the enterprise software provider’s stock valued at $976,000 after acquiring an additional 577 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.9 %

NYSE ORCL opened at $161.05 on Monday. The company has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. 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 company’s 50 day simple moving average is $175.44 and its 200 day simple moving average is $161.46.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s dividend payout ratio is 39.12%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Mizuho upped their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Guggenheim raised their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald assumed coverage on shares of Oracle in a report on Friday. They set an “overweight” rating and a $214.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle 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.