Procyon Advisors LLC Acquires 3,568 Shares of Oracle Co. (NYSE:ORCL)

Procyon Advisors LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,004 shares of the enterprise software provider’s stock after buying an additional 3,568 shares during the period. Oracle comprises 1.0% of Procyon Advisors LLC’s portfolio, making the stock its 21st largest holding. Procyon Advisors LLC’s holdings in Oracle were worth $15,832,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter valued at about $44,000. Quest Partners LLC purchased a new stake in Oracle in the second quarter worth about $40,000. Avondale Wealth Management bought a new position in shares of Oracle in the third quarter worth about $51,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle during the 3rd quarter valued at about $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 0.9 %

Shares of ORCL opened at $159.73 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $105.68 and a 52-week high of $198.31. The company has a market cap of $446.76 billion, a PE ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06. The business has a fifty day moving average of $176.53 and a 200 day moving average of $161.22.

Oracle (NYSE:ORCL) last released its 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%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. On average, sell-side analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

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

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Guggenheim lifted their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.