ARS Wealth Advisors Group LLC Purchases 83 Shares of Oracle Co. (NYSE:ORCL)

ARS Wealth Advisors Group LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,124 shares of the enterprise software provider’s stock after purchasing an additional 83 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Oracle were worth $354,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC bought a new position in Oracle in the 2nd quarter worth approximately $40,000. Reston Wealth Management LLC bought a new position in Oracle during the third quarter worth $44,000. Avondale Wealth Management bought a new position in Oracle during the third quarter worth $51,000. Friedenthal Financial acquired a new position in Oracle during the 3rd quarter valued at $51,000. Finally, Activest Wealth Management boosted its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Oracle stock opened at $158.35 on Thursday. The stock has a 50-day simple moving average of $176.99 and a 200 day simple moving average of $161.24. The stock has a market capitalization of $442.90 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 3.03 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

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.