Oracle Co. (NYSE:ORCL) Shares Acquired by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,903 shares of the enterprise software provider’s stock after purchasing an additional 67 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Oracle were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Oracle in the second quarter valued at $27,000. Reston Wealth Management LLC acquired a new stake in Oracle in the third quarter valued at $44,000. Quest Partners LLC acquired a new stake in Oracle in the second quarter valued at $40,000. Avondale Wealth Management acquired a new stake in Oracle in the third quarter valued at $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle in the third quarter valued at $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on ORCL shares. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. KeyCorp increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Up 1.6 %

Oracle stock opened at $156.34 on Wednesday. The company’s 50-day moving average price is $176.99 and its two-hundred day moving average price is $161.24. The stock has a market cap of $437.28 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. On average, analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend yield of 1.02%. Oracle’s dividend payout ratio is currently 39.12%.

Oracle 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.