Highline Wealth Partners LLC Acquires 2,110 Shares of Oracle Co. (NYSE:ORCL)

Highline Wealth Partners LLC raised its stake in Oracle Co. (NYSE:ORCL) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,764 shares of the enterprise software provider’s stock after acquiring an additional 2,110 shares during the period. Highline Wealth Partners LLC’s holdings in Oracle were worth $2,627,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter worth $27,000. Reston Wealth Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at about $44,000. Quest Partners LLC purchased a new position in Oracle in the second quarter worth about $40,000. Avondale Wealth Management bought a new stake in Oracle during the third quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new stake in Oracle during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $7.39 during midday trading on Friday, hitting $155.35. The company’s stock had a trading volume of 7,060,749 shares, compared to its average volume of 6,647,369. Oracle Co. has a 12-month low of $103.54 and a 12-month high of $198.31. The company has a market cap of $434.51 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The business’s 50 day simple moving average is $177.93 and its 200 day simple moving average is $160.63.

Oracle (NYSE:ORCL) last posted 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. UBS Group boosted their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Oracle 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.