Oracle Co. (NYSE:ORCL) Shares Bought by Empirical Asset Management LLC

Empirical Asset Management LLC increased its stake in Oracle Co. (NYSE:ORCL) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,413 shares of the enterprise software provider’s stock after purchasing an additional 3,761 shares during the quarter. Empirical Asset Management LLC’s holdings in Oracle were worth $2,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle in the third quarter worth approximately $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the 3rd quarter valued at $51,000. Friedenthal Financial bought a new stake in shares of Oracle in the 3rd quarter worth $51,000. Finally, Activest Wealth Management lifted its holdings in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.9 %

Shares of Oracle stock opened at $161.05 on Friday. The firm has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The stock has a 50-day simple moving average of $176.00 and a 200-day simple moving average of $161.21. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm earned $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5.01 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORCL. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. Finally, Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.