Fortitude Family Office LLC Raises Stake in Oracle Co. (NYSE:ORCL)

Fortitude Family Office LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,036 shares of the enterprise software provider’s stock after buying an additional 148 shares during the quarter. Fortitude Family Office LLC’s holdings in Oracle were worth $173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fairway Wealth LLC purchased a new position in Oracle during the second quarter valued at approximately $27,000. Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $40,000. Reston Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management purchased a new stake in Oracle during the third quarter worth $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle during the third quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORCL. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

NYSE:ORCL opened at $163.13 on Friday. The company’s 50-day moving average is $177.93 and its two-hundred day moving average is $160.63. Oracle Co. has a 1-year low of $102.72 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 0.72. The firm has a market capitalization of $456.27 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Oracle’s payout ratio is currently 39.12%.

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.