Allen Mooney & Barnes Investment Advisors LLC trimmed its stake in Oracle Co. (NYSE:ORCL – Free Report) by 5.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,041 shares of the enterprise software provider’s stock after selling 264 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Oracle were worth $840,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $27,000. Quest Partners LLC purchased a new stake in Oracle during the second quarter worth approximately $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter worth $44,000. Avondale Wealth Management purchased a new position in shares of Oracle in the 3rd quarter valued at $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.48.
Oracle Stock Performance
Shares of Oracle stock opened at $156.34 on Wednesday. Oracle Co. has a 12 month low of $105.42 and a 12 month high of $198.31. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $437.28 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The business has a fifty day simple moving average of $176.99 and a 200-day simple moving average of $161.24.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.
Oracle Dividend Announcement
The business also recently disclosed 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 annualized dividend and a yield of 1.02%. Oracle’s dividend payout ratio is presently 39.12%.
About Oracle
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.
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