Eads & Heald Wealth Management Has $3.35 Million Stock Position in Oracle Co. (NYSE:ORCL)

Eads & Heald Wealth Management reduced its position in Oracle Co. (NYSE:ORCL) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,071 shares of the enterprise software provider’s stock after selling 1,460 shares during the quarter. Oracle accounts for approximately 1.6% of Eads & Heald Wealth Management’s holdings, making the stock its 7th biggest position. Eads & Heald Wealth Management’s holdings in Oracle were worth $3,345,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management bought a new position in Oracle during the 3rd quarter valued at $51,000. Friedenthal Financial purchased a new position in Oracle during the 3rd quarter worth $51,000. Finally, Activest Wealth Management grew its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock opened at $172.82 on Wednesday. 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 fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm has a market cap of $483.37 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. The business’s 50 day moving average price is $174.87 and its 200-day moving average price is $161.70.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ORCL shares. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. DA Davidson increased their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.