Oracle Co. (NYSE:ORCL) Shares Acquired by RDA Financial Network

RDA Financial Network boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,707 shares of the enterprise software provider’s stock after purchasing an additional 298 shares during the quarter. Oracle comprises approximately 0.9% of RDA Financial Network’s portfolio, making the stock its 25th biggest position. RDA Financial Network’s holdings in Oracle were worth $3,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC boosted 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 valued at $31,000 after acquiring an additional 87 shares during the period. Quest Partners LLC purchased a new stake in shares of Oracle in the second quarter valued at about $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth about $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the third quarter worth about $51,000. Finally, Friedenthal Financial acquired a new position in Oracle in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ORCL shares. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of NYSE ORCL opened at $159.73 on Friday. The company has a market cap of $446.76 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $105.68 and a 12 month high of $198.31. The company has a 50-day simple moving average of $176.53 and a 200-day simple moving average of $161.22.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

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

Oracle Company 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.