Beacon Investment Advisory Services Inc. Acquires 177 Shares of Oracle Co. (NYSE:ORCL)

Beacon Investment Advisory Services Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,007 shares of the enterprise software provider’s stock after buying an additional 177 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Oracle were worth $1,334,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management bought a new position in Oracle in the 3rd quarter valued at approximately $51,000. Friedenthal Financial acquired a new stake in Oracle in the third quarter valued at approximately $51,000. Finally, Activest Wealth Management grew its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ORCL. Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Citigroup lifted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. 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 research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

ORCL stock opened at $184.18 on Thursday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $174.43 and its 200-day moving average is $162.05. The stock has a market capitalization of $515.14 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. Equities research analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. 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 0.87%. Oracle’s dividend payout ratio (DPR) 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.