Dakota Wealth Management Buys 6,200 Shares of Oracle Co. (NYSE:ORCL)

Dakota Wealth Management raised its stake in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 133,839 shares of the enterprise software provider’s stock after acquiring an additional 6,200 shares during the quarter. Dakota Wealth Management’s holdings in Oracle were worth $22,303,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ORCL. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. RMR Wealth Builders lifted its stake in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the period. Chase Investment Counsel Corp acquired a new stake in Oracle during the third quarter valued at approximately $4,160,000. Oppenheimer Asset Management Inc. grew its stake in shares of Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in shares of Oracle by 84.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock worth $147,206,000 after buying an additional 395,613 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 7.3 %

Shares of NYSE:ORCL opened at $172.82 on Wednesday. The firm has a market cap of $483.37 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 3.16 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company’s fifty day simple moving average is $174.87 and its 200 day simple moving average is $161.70. The company has a quick ratio of 0.81, a current 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 the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during 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%. The business’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 business earned $1.34 EPS. As a group, research analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. BMO Capital Markets upped their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, KeyCorp lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.