Verde Capital Management Takes Position in Oracle Co. (NYSE:ORCL)

Verde Capital Management acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,530 shares of the enterprise software provider’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Oracle by 21.9% in 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. Second Line Capital LLC lifted its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank boosted its stake in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC grew its holdings in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the last quarter. Finally, W Advisors LLC raised its position in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $186.08 on Friday. The firm’s 50-day simple moving average is $174.43 and its two-hundred day simple moving average is $162.05. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The stock has a market cap of $520.44 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. 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 (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. Sanford C. Bernstein lifted their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group increased their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target 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.