PFW Advisors LLC Makes New $312,000 Investment in Oracle Co. (NYSE:ORCL)

PFW Advisors LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,871 shares of the enterprise software provider’s stock, valued at approximately $312,000.

Several other institutional investors have also recently modified their holdings of ORCL. Quest Partners LLC purchased a new stake in Oracle during the 2nd quarter worth $40,000. Federated Hermes Inc. raised its holdings in Oracle by 412.8% in the second quarter. Federated Hermes Inc. now owns 257,573 shares of the enterprise software provider’s stock valued at $36,369,000 after acquiring an additional 207,340 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Oracle by 138.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 13,088 shares of the enterprise software provider’s stock valued at $1,848,000 after acquiring an additional 7,597 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in Oracle by 1.3% during the 2nd quarter. Wealthspire Advisors LLC now owns 19,346 shares of the enterprise software provider’s stock worth $2,732,000 after acquiring an additional 251 shares in the last quarter. Finally, Williams Financial LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $2,647,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.5 %

Oracle stock traded down $0.77 during midday trading on Monday, reaching $153.73. The stock had a trading volume of 8,329,484 shares, compared to its average volume of 7,901,509. The firm’s fifty day simple moving average is $177.62 and its two-hundred day simple moving average is $161.04. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The firm has a market cap of $429.98 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued 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 net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.04%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

A number of research firms recently commented on ORCL. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Tuesday, December 10th. DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.