FOCUS Wealth Advisors LLC Invests $1.46 Million in Oracle Co. (NYSE:ORCL)

FOCUS Wealth Advisors LLC bought a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,741 shares of the enterprise software provider’s stock, valued at approximately $1,457,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thrive Wealth Management LLC raised its holdings in shares of Oracle by 10.9% during the fourth quarter. Thrive Wealth Management LLC now owns 5,855 shares of the enterprise software provider’s stock worth $976,000 after purchasing an additional 577 shares during the period. Pine Haven Investment Counsel Inc boosted its position in shares of Oracle by 1.3% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 11,860 shares of the enterprise software provider’s stock valued at $1,976,000 after purchasing an additional 155 shares in the last quarter. Diversify Wealth Management LLC boosted its position in shares of Oracle by 28.6% during the 4th quarter. Diversify Wealth Management LLC now owns 47,231 shares of the enterprise software provider’s stock valued at $7,297,000 after purchasing an additional 10,500 shares in the last quarter. City Holding Co. boosted its holdings in shares of Oracle by 7.5% in the fourth quarter. City Holding Co. now owns 26,499 shares of the enterprise software provider’s stock worth $4,416,000 after buying an additional 1,845 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of Oracle by 7.6% in the fourth quarter. Annex Advisory Services LLC now owns 193,989 shares of the enterprise software provider’s stock worth $32,326,000 after buying an additional 13,652 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. Citigroup raised their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $161.05 on Monday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The firm has a fifty day simple moving average of $175.44 and a two-hundred day simple moving average of $161.46.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. Analysts forecast 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. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 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.