Worth Asset Management LLC Invests $2.34 Million in Oracle Co. (NYSE:ORCL)

Worth Asset Management LLC acquired a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,043 shares of the enterprise software provider’s stock, valued at approximately $2,340,000. Oracle makes up 1.3% of Worth Asset Management LLC’s investment portfolio, making the stock its 19th largest position.

A number of other institutional investors also recently bought and sold shares of ORCL. Principal Financial Group Inc. grew its position in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in Oracle in the third quarter worth $4,160,000. Oppenheimer Asset Management Inc. raised its stake in 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 purchasing an additional 126,985 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position 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 valued at $147,206,000 after purchasing an additional 395,613 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ORCL shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Guggenheim increased their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Price Performance

Shares of Oracle stock traded up $0.88 on Wednesday, hitting $162.91. 2,854,744 shares of the company were exchanged, compared to its average volume of 5,656,903. Oracle Co. has a 1-year low of $102.72 and a 1-year high of $198.31. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $455.65 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a 50-day moving average price of $178.25 and a 200 day moving average price of $160.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’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 company posted $1.34 EPS. As a group, sell-side analysts predict that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.