Certified Advisory Corp Purchases 83 Shares of Oracle Co. (NYSE:ORCL)

Certified Advisory Corp grew its holdings in Oracle Co. (NYSE:ORCL) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,600 shares of the enterprise software provider’s stock after acquiring an additional 83 shares during the quarter. Certified Advisory Corp’s holdings in Oracle were worth $767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Winch Advisory Services LLC raised 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 acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle in the third quarter worth $44,000. Avondale Wealth Management acquired a new position in Oracle in the third quarter valued at about $51,000. Friedenthal Financial bought a new stake in Oracle during the third quarter worth about $51,000. Finally, Activest Wealth Management grew its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 0.9 %

Oracle stock opened at $161.05 on Friday. The firm has a 50 day moving average price of $176.00 and a two-hundred day moving average price of $161.21. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The firm 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.

Oracle (NYSE:ORCL) last released its 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid 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 yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.