Encompass More Asset Management Makes New $714,000 Investment in Oracle Co. (NYSE:ORCL)

Encompass More Asset Management purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,284 shares of the enterprise software provider’s stock, valued at approximately $714,000.

Several other large investors have also made changes to their positions in the company. Activest Wealth Management raised its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC raised its position in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares during the period. Cadence Bank lifted its stake in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after buying an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC boosted its holdings in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC grew its stake in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.3 %

ORCL opened at $185.83 on Friday. The firm has a market cap of $519.75 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50-day simple moving average is $174.43 and its 200-day simple moving average is $162.05. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm 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 posted $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given 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 0.86%. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ORCL shares. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.