Perfromance Wealth Partners LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Perfromance Wealth Partners LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 188,049 shares of the enterprise software provider’s stock after purchasing an additional 2,068 shares during the period. Oracle accounts for 1.0% of Perfromance Wealth Partners LLC’s holdings, making the stock its 17th largest position. Perfromance Wealth Partners LLC’s holdings in Oracle were worth $31,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Enclave Advisors LLC boosted its stake in shares of Oracle by 68.9% in the 4th quarter. Enclave Advisors LLC now owns 16,674 shares of the enterprise software provider’s stock valued at $2,779,000 after buying an additional 6,802 shares during the period. Atomi Financial Group Inc. lifted its stake in Oracle by 15.9% during the fourth quarter. Atomi Financial Group Inc. now owns 16,903 shares of the enterprise software provider’s stock worth $2,817,000 after purchasing an additional 2,324 shares during the last quarter. Monterey Private Wealth Inc. purchased a new stake in Oracle during the fourth quarter worth approximately $237,000. Alpha Cubed Investments LLC lifted its stake in Oracle by 1.1% during the fourth quarter. Alpha Cubed Investments LLC now owns 47,312 shares of the enterprise software provider’s stock worth $7,884,000 after purchasing an additional 532 shares during the last quarter. Finally, Clear Harbor Asset Management LLC lifted its stake in Oracle by 10.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 30,264 shares of the enterprise software provider’s stock worth $5,043,000 after purchasing an additional 2,882 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 7.3 %

NYSE:ORCL opened at $172.82 on Wednesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $483.37 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 3.16 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The stock has a fifty day moving average price of $174.87 and a two-hundred day moving average price of $161.70.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. DA Davidson boosted their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. Finally, UBS Group boosted 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently 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.