Moss Adams Wealth Advisors LLC Has $1.69 Million Holdings in Oracle Co. (NYSE:ORCL)

Moss Adams Wealth Advisors LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,152 shares of the enterprise software provider’s stock after acquiring an additional 204 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Oracle were worth $1,692,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ORCL. Bridges Investment Management Inc. lifted its position in Oracle by 16.4% in the second quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider’s stock worth $3,201,000 after purchasing an additional 3,191 shares during the period. AE Wealth Management LLC increased its stake in Oracle by 97.7% in the second quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock valued at $7,912,000 after acquiring an additional 27,685 shares during the period. Pacer Advisors Inc. raised its position in Oracle by 36.0% in the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after purchasing an additional 39,107 shares in the last quarter. Sei Investments Co. lifted its stake in Oracle by 21.4% during the second quarter. Sei Investments Co. now owns 1,296,012 shares of the enterprise software provider’s stock worth $182,998,000 after purchasing an additional 228,440 shares during the period. Finally, Blue Whale Capital LLP acquired a new stake in Oracle during the second quarter valued at approximately $3,841,000. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ORCL shares. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a report on Friday. They set an “overweight” rating and a $214.00 price target for the company. Finally, Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Shares of ORCL stock opened at $161.05 on Friday. The firm’s 50 day moving average price is $175.44 and its two-hundred day moving average price is $161.34. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a market cap of $450.44 billion, a PE ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last released 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). The firm had revenue of $14.06 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. As a group, analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 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.