Procyon Advisors LLC Increases Position in Oracle Co. (NYSE:ORCL)

Procyon Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,004 shares of the enterprise software provider’s stock after acquiring an additional 3,568 shares during the quarter. Oracle accounts for approximately 1.0% of Procyon Advisors LLC’s portfolio, making the stock its 21st largest holding. Procyon Advisors LLC’s holdings in Oracle were worth $15,832,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new position in Oracle during the third quarter valued at approximately $44,000. Quest Partners LLC bought a new position in Oracle during the second quarter valued at approximately $40,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new stake in shares of Oracle in the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORCL shares. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein lifted their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $159.73 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a 50 day moving average price of $176.53 and a 200-day moving average price of $161.22. Oracle Co. has a 52 week low of $105.68 and a 52 week high of $198.31. The firm has a market capitalization of $446.76 billion, a PE ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. As a group, equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.