Oracle Co. (NYSE:ORCL) Shares Acquired by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,844 shares of the enterprise software provider’s stock after buying an additional 640 shares during the quarter. Oracle accounts for approximately 1.9% of Beech Hill Advisors Inc.’s holdings, making the stock its 14th biggest holding. Beech Hill Advisors Inc.’s holdings in Oracle were worth $5,140,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group boosted their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Citigroup raised their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Up 0.3 %

Shares of Oracle stock traded up $0.55 during trading on Thursday, hitting $158.86. 713,724 shares of the stock traded hands, compared to its average volume of 7,430,102. The stock has a market cap of $444.33 billion, a P/E ratio of 38.84, a PEG ratio of 3.03 and a beta of 1.06. The company has a fifty day moving average price of $176.99 and a two-hundred day moving average price of $161.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a twelve month low of $105.68 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly 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). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $1.34 EPS. Equities research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio 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.