Ritholtz Wealth Management Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

Ritholtz Wealth Management reduced its position in Oracle Co. (NYSE:ORCL) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 71,395 shares of the enterprise software provider’s stock after selling 1,461 shares during the period. Ritholtz Wealth Management’s holdings in Oracle were worth $11,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beech Hill Advisors Inc. grew its stake in Oracle by 2.1% in the 4th quarter. Beech Hill Advisors Inc. now owns 30,844 shares of the enterprise software provider’s stock worth $5,140,000 after acquiring an additional 640 shares during the period. Mirador Capital Partners LP boosted its holdings in shares of Oracle by 11.8% in the 4th quarter. Mirador Capital Partners LP now owns 6,274 shares of the enterprise software provider’s stock valued at $1,045,000 after purchasing an additional 664 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Oracle by 25.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider’s stock valued at $1,552,000 after purchasing an additional 1,884 shares during the last quarter. SignalPoint Asset Management LLC boosted its holdings in shares of Oracle by 2.0% in the 4th quarter. SignalPoint Asset Management LLC now owns 5,987 shares of the enterprise software provider’s stock valued at $998,000 after purchasing an additional 120 shares during the last quarter. Finally, StrongBox Wealth LLC acquired a new position in shares of Oracle in the 4th quarter valued at $247,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $159.73 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $105.68 and a fifty-two week high of $198.31. The firm has a 50-day simple moving average of $176.53 and a 200 day simple moving average of $161.22. The company has a market cap of $446.76 billion, a PE ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 the consensus estimate of $14.12 billion. During the same period in the prior year, the company earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

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.