Brighton Jones LLC Acquires 100,494 Shares of Oracle Co. (NYSE:ORCL)

Brighton Jones LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 189.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 153,580 shares of the enterprise software provider’s stock after acquiring an additional 100,494 shares during the quarter. Oracle makes up about 0.7% of Brighton Jones LLC’s holdings, making the stock its 20th biggest holding. Brighton Jones LLC’s holdings in Oracle were worth $25,593,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Winch Advisory Services LLC increased its holdings in 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 buying an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at $51,000. Friedenthal Financial bought a new position in shares of Oracle in the 3rd quarter valued at $51,000. Finally, Activest Wealth Management boosted its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday. Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. 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 note on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Up 1.0 %

Oracle stock opened at $186.08 on Friday. The firm has a market capitalization of $520.44 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The firm’s fifty day moving average price is $174.43 and its two-hundred day moving average price is $162.05. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. 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 released its quarterly 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 company 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%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. On average, equities research analysts predict 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.