Parisi Gray Wealth Management decreased its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,510 shares of the enterprise software provider’s stock after selling 146 shares during the period. Parisi Gray Wealth Management’s holdings in Oracle were worth $2,085,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Oracle during the second quarter worth about $27,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $40,000. Avondale Wealth Management bought a new position in Oracle in the third quarter valued at approximately $51,000. Finally, Friedenthal Financial acquired a new position in Oracle during the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Down 0.5 %
ORCL traded down $0.77 during midday trading on Monday, hitting $153.73. The company had a trading volume of 8,328,626 shares, compared to its average volume of 7,901,509. The company has a market capitalization of $429.98 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06. The stock’s 50 day moving average price is $177.62 and its 200 day moving average price is $161.04. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31.
Oracle Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued 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 dividend yield of 1.04%. Oracle’s dividend payout ratio is presently 39.12%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $181.48.
View Our Latest Research Report on Oracle
Oracle Company 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.
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