Eagle Wealth Strategies LLC Has $668,000 Position in Oracle Co. (NYSE:ORCL)

Eagle Wealth Strategies LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,010 shares of the enterprise software provider’s stock after selling 67 shares during the quarter. Oracle makes up about 0.5% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 24th largest position. Eagle Wealth Strategies LLC’s holdings in Oracle were worth $668,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares during the period. RMR Wealth Builders raised its stake in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Chase Investment Counsel Corp bought a new position in Oracle in the third quarter worth $4,160,000. Oppenheimer Asset Management Inc. boosted its stake in Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after buying an additional 126,985 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Oracle by 84.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after buying an additional 395,613 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 7.3 %

Shares of NYSE ORCL opened at $172.82 on Wednesday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm has a market capitalization of $483.37 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $174.54 and its 200 day simple moving average is $161.90.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. UBS Group upped their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. 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 research report on Friday, December 20th. Finally, BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.