Mission Wealth Management LP Increases Position in Oracle Co. (NYSE:ORCL)

Mission Wealth Management LP boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 16,353 shares of the enterprise software provider’s stock after acquiring an additional 1,377 shares during the quarter. Mission Wealth Management LP’s holdings in Oracle were worth $866,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Howland Capital Management LLC boosted its holdings in Oracle by 46.7% in the third quarter. Howland Capital Management LLC now owns 11,630 shares of the enterprise software provider’s stock valued at $640,000 after purchasing an additional 3,702 shares in the last quarter. Avestar Capital LLC lifted its position in Oracle by 6.3% in the third quarter. Avestar Capital LLC now owns 9,556 shares of the enterprise software provider’s stock valued at $526,000 after purchasing an additional 569 shares during the period. Evoke Wealth LLC acquired a new stake in Oracle in the third quarter valued at about $702,000. MUFG Americas Holdings Corp boosted its holdings in Oracle by 3.4% in the 3rd quarter. MUFG Americas Holdings Corp now owns 169,311 shares of the enterprise software provider’s stock valued at $9,317,000 after purchasing an additional 5,605 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Oracle by 15.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 23,788 shares of the enterprise software provider’s stock valued at $1,309,000 after purchasing an additional 3,095 shares in the last quarter. Institutional investors own 52.30% of the company’s stock.

ORCL has been the subject of a number of analyst reports. Wedbush increased their target price on Oracle from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC reissued a “hold” rating on shares of Oracle in a report on Wednesday, October 30th. Evercore ISI restated a “hold” rating and issued a $55.00 price target on shares of Oracle in a research note on Sunday, December 15th. UBS Group reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Oracle in a report on Monday, December 9th. Finally, Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.67.

In other Oracle news, Director Jeffrey Berg sold 9,550 shares of Oracle stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.59, for a total value of $540,434.50. Also, Director Hector Garcia-Molina sold 4,643 shares of Oracle stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $56.42, for a total value of $261,958.06. Following the completion of the sale, the director now owns 38,562 shares of the company’s stock, valued at approximately $2,175,668.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 289,193 shares of company stock worth $15,846,893. 36.60% of the stock is owned by corporate insiders.

Oracle stock opened at $55.22 on Wednesday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 2.37 and a current ratio of 2.37. The firm has a market capitalization of $176.84 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. Oracle Co. has a fifty-two week low of $48.66 and a fifty-two week high of $60.50. The stock’s fifty day moving average is $54.27 and its two-hundred day moving average is $55.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, December 12th. The enterprise software provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Oracle had a return on equity of 56.86% and a net margin of 27.62%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 3.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.96 dividend on an annualized basis and a yield of 1.74%. Oracle’s payout ratio is 30.38%.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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