Diversify Wealth Management LLC Purchases 10,500 Shares of Oracle Co. (NYSE:ORCL)

Diversify Wealth Management LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 28.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,231 shares of the enterprise software provider’s stock after buying an additional 10,500 shares during the quarter. Diversify Wealth Management LLC’s holdings in Oracle were worth $7,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC increased its position in Oracle by 97.7% during the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock valued at $7,912,000 after purchasing an additional 27,685 shares during the period. Pacer Advisors Inc. raised its stake in Oracle by 36.0% in the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after buying an additional 39,107 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Oracle by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after buying an additional 6,215 shares during the period. Summit Trail Advisors LLC boosted its position in Oracle by 30.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider’s stock valued at $2,160,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Oracle by 1.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider’s stock worth $469,527,000 after acquiring an additional 53,809 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald initiated coverage on Oracle in a research report on Friday. They set an “overweight” rating and a $214.00 price target on the stock. DA Davidson upped their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. Finally, Sanford C. Bernstein lifted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Up 0.9 %

Shares of ORCL stock opened at $161.05 on Monday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a fifty day moving average price of $175.44 and a 200-day moving average price of $161.46. The company has a market cap 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 company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, equities analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is 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.