Bartlett & CO. Wealth Management LLC Purchases 3,847 Shares of Oracle Co. (NYSE:ORCL)

Bartlett & CO. Wealth Management LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,865 shares of the enterprise software provider’s stock after acquiring an additional 3,847 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Oracle were worth $7,310,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Winch Advisory Services LLC raised its position 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 purchasing an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in shares of Oracle in the third quarter valued at about $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the third quarter valued at about $51,000. Friedenthal Financial bought a new position in shares of Oracle in the third quarter valued at about $51,000. Finally, Activest Wealth Management raised its position 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 purchasing an additional 56 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of ORCL stock opened at $184.18 on Thursday. The firm has a market capitalization of $515.14 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The firm has a fifty day simple moving average of $174.54 and a two-hundred day simple moving average of $161.90. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

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 the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target on the stock. Finally, Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Company 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.