First Pacific Financial Has $150,000 Stake in Oracle Co. (NYSE:ORCL)

First Pacific Financial raised its stake in shares of Oracle Co. (NYSE:ORCL) by 130.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 901 shares of the enterprise software provider’s stock after buying an additional 510 shares during the period. First Pacific Financial’s holdings in Oracle were worth $150,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Oracle during the second quarter valued at about $40,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Oracle by 6.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,689 shares of the enterprise software provider’s stock worth $4,757,000 after acquiring an additional 2,103 shares during the period. Waterloo Capital L.P. increased its holdings in Oracle by 6.1% during the 2nd quarter. Waterloo Capital L.P. now owns 8,934 shares of the enterprise software provider’s stock worth $1,261,000 after acquiring an additional 510 shares during the period. LJI Wealth Management LLC increased its stake in Oracle by 201.7% in the second quarter. LJI Wealth Management LLC now owns 4,858 shares of the enterprise software provider’s stock valued at $686,000 after acquiring an additional 3,248 shares during the last quarter. Finally, WCG Wealth Advisors LLC increased its stake in Oracle by 26.9% in the second quarter. WCG Wealth Advisors LLC now owns 56,602 shares of the enterprise software provider’s stock valued at $7,992,000 after acquiring an additional 12,014 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

NYSE ORCL opened at $159.73 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $446.76 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company’s 50-day simple moving average is $176.53 and its two-hundred day simple moving average is $161.22. Oracle Co. has a one year low of $105.68 and a one year high of $198.31.

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 the consensus estimate of $1.48 by ($0.01). The firm 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%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ORCL. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on Oracle in a research report on Friday. They issued an “overweight” rating and a $214.00 target price for the company. Finally, Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus 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.