Martel Wealth Advisors Inc Purchases New Position in Oracle Co. (NYSE:ORCL)

Martel Wealth Advisors Inc acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,000 shares of the enterprise software provider’s stock, valued at approximately $500,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pure Financial Advisors LLC increased its position in Oracle by 5.5% during the 4th quarter. Pure Financial Advisors LLC now owns 12,405 shares of the enterprise software provider’s stock valued at $2,067,000 after purchasing an additional 647 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of Oracle by 2.5% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,032 shares of the enterprise software provider’s stock valued at $839,000 after purchasing an additional 122 shares in the last quarter. Zhang Financial LLC increased its holdings in Oracle by 3.4% during the fourth quarter. Zhang Financial LLC now owns 6,525 shares of the enterprise software provider’s stock valued at $1,087,000 after buying an additional 215 shares during the period. Corundum Group Inc. raised its stake in Oracle by 70.9% in the fourth quarter. Corundum Group Inc. now owns 14,868 shares of the enterprise software provider’s stock worth $2,478,000 after buying an additional 6,167 shares in the last quarter. Finally, Stokes Capital Advisors LLC lifted its holdings in Oracle by 40.6% during the fourth quarter. Stokes Capital Advisors LLC now owns 3,835 shares of the enterprise software provider’s stock worth $639,000 after buying an additional 1,107 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. Finally, Stifel Nicolaus raised their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. 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

ORCL opened at $161.05 on Tuesday. The firm has a fifty day moving average price of $175.44 and a 200 day moving average price of $161.58. The stock has a market cap of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.16 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. 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 announced its 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). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. 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 dividend payout ratio is currently 39.12%.

About Oracle

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.