Premier Path Wealth Partners LLC Grows Stock Position in Oracle Co. (NYSE:ORCL)

Premier Path Wealth Partners LLC grew its stake in Oracle Co. (NYSE:ORCL) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,017 shares of the enterprise software provider’s stock after purchasing an additional 82 shares during the period. Premier Path Wealth Partners LLC’s holdings in Oracle were worth $1,169,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Oracle by 71.5% in the second quarter. Brighton Jones LLC now owns 266,931 shares of the enterprise software provider’s stock valued at $37,691,000 after buying an additional 111,324 shares in the last quarter. Ieq Capital LLC grew its stake in Oracle by 11.2% in the 2nd quarter. Ieq Capital LLC now owns 140,559 shares of the enterprise software provider’s stock valued at $19,847,000 after acquiring an additional 14,105 shares during the period. Trust Investment Advisors purchased a new stake in Oracle in the 2nd quarter worth $212,000. Canada Pension Plan Investment Board raised its position in Oracle by 20.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,450,762 shares of the enterprise software provider’s stock worth $204,848,000 after acquiring an additional 248,664 shares during the period. Finally, Callan Capital LLC lifted its holdings in Oracle by 1.2% during the second quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider’s stock valued at $3,005,000 after purchasing an additional 253 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 0.9 %

NYSE ORCL opened at $161.05 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The firm’s 50-day moving average is $176.00 and its two-hundred day moving average is $161.21. 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 (NYSE:ORCL) last posted 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). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. On average, sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced 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 of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.