Bruce G. Allen Investments LLC Has $149,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Bruce G. Allen Investments LLC lessened its position in Oracle Co. (NYSE:ORCL) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 893 shares of the enterprise software provider’s stock after selling 437 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Oracle were worth $149,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ORCL. Highline Wealth Partners LLC lifted its stake in shares of Oracle by 15.5% in the fourth quarter. Highline Wealth Partners LLC now owns 15,764 shares of the enterprise software provider’s stock valued at $2,627,000 after buying an additional 2,110 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Oracle during the 4th quarter worth about $454,000. ORG Wealth Partners LLC boosted its position in shares of Oracle by 22.1% during the 4th quarter. ORG Wealth Partners LLC now owns 3,747 shares of the enterprise software provider’s stock valued at $624,000 after acquiring an additional 678 shares in the last quarter. ORG Partners LLC raised its position in Oracle by 2.2% in the fourth quarter. ORG Partners LLC now owns 6,005 shares of the enterprise software provider’s stock worth $1,001,000 after purchasing an additional 130 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in Oracle by 7.3% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 19,584 shares of the enterprise software provider’s stock worth $3,264,000 after purchasing an additional 1,340 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Oracle stock traded down $8.58 during mid-day trading on Friday, reaching $154.16. The company’s stock had a trading volume of 10,273,598 shares, compared to its average volume of 7,081,340. The company has a market capitalization of $431.18 billion, a P/E ratio of 37.69, a PEG ratio of 3.39 and a beta of 1.06. The firm’s fifty day moving average price is $177.93 and its two-hundred day moving average price is $160.63. Oracle Co. has a 12-month low of $103.54 and a 12-month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 the consensus estimate 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 in the previous year, the business earned $1.34 earnings per share. Sell-side analysts predict that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. Oracle’s dividend payout ratio is 39.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ORCL shares. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Sanford C. Bernstein lifted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.48.

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.