Oracle Co. (NYSE:ORCL) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 408,132 shares of the enterprise software provider’s stock after purchasing an additional 55,161 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oracle were worth $68,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Activest Wealth Management raised its position in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC raised its position in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares during the period. Cadence Bank raised its position in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares during the period. Eagle Rock Investment Company LLC raised its position in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares during the period. Finally, W Advisors LLC increased its position in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after acquiring an additional 64 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” 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 given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Up 6.7 %

ORCL opened at $184.18 on Thursday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two 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. The firm’s fifty day moving average price is $174.54 and its two-hundred day moving average price is $161.90. The company has a market capitalization of $515.14 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.39 and a beta of 1.06.

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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

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

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.