Romano Brothers AND Company Has $8.61 Million Holdings in Oracle Co. (NYSE:ORCL)

Romano Brothers AND Company decreased its position in Oracle Co. (NYSE:ORCL) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,682 shares of the enterprise software provider’s stock after selling 545 shares during the period. Oracle comprises about 1.1% of Romano Brothers AND Company’s investment portfolio, making the stock its 18th biggest holding. Romano Brothers AND Company’s holdings in Oracle were worth $8,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Winch Advisory Services LLC increased its holdings 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 valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth approximately $44,000. Avondale Wealth Management purchased a new position in Oracle during the third quarter valued at approximately $51,000. Friedenthal Financial acquired a new position in Oracle in the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management lifted its position in 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 buying an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.9 %

NYSE ORCL opened at $161.05 on Friday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The stock’s 50 day moving average is $175.44 and its two-hundred day moving average is $161.34. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its earnings results 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several brokerages have weighed in on ORCL. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Morgan Stanley increased their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Mizuho boosted their target price 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price 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.