Wealthquest Corp Has $364,000 Stock Position in Oracle Co. (NYSE:ORCL)

Wealthquest Corp cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,186 shares of the enterprise software provider’s stock after selling 89 shares during the quarter. Wealthquest Corp’s holdings in Oracle were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Zhang Financial LLC raised its stake in Oracle by 3.4% during the 4th quarter. Zhang Financial LLC now owns 6,525 shares of the enterprise software provider’s stock valued at $1,087,000 after purchasing an additional 215 shares during the last quarter. Corundum Group Inc. grew its position in Oracle by 70.9% during 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. Stokes Capital Advisors LLC increased its stake 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 valued at $639,000 after acquiring an additional 1,107 shares during the period. UMB Bank n.a. raised its holdings in Oracle by 49.9% in the 4th quarter. UMB Bank n.a. now owns 212,857 shares of the enterprise software provider’s stock valued at $35,470,000 after acquiring an additional 70,844 shares in the last quarter. Finally, FOCUS Wealth Advisors LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $1,457,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.9 %

Shares of ORCL opened at $161.05 on Tuesday. The stock’s fifty day simple moving average is $175.44 and its 200-day simple moving average is $161.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

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 analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. As a group, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle 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.