Oracle Co. (NYSE:ORCL) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,082 shares of the enterprise software provider’s stock after acquiring an additional 1,866 shares during the period. Oracle comprises 1.6% of Wright Investors Service Inc.’s investment portfolio, making the stock its 17th biggest position. Wright Investors Service Inc.’s holdings in Oracle were worth $5,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $27,000. Quest Partners LLC acquired a new position in Oracle during the 2nd quarter worth approximately $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the third quarter worth $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE:ORCL opened at $153.73 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $429.98 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The firm has a 50-day moving average price of $177.30 and a two-hundred day moving average price of $161.13. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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). The business had revenue of $14.06 billion for 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 revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.34 earnings per share. As a group, research analysts expect that Oracle Co. will post 5.03 earnings per share 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Mizuho raised 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. Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Citigroup lifted their price target 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. One 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

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.