Red Door Wealth Management LLC Has $890,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Red Door Wealth Management LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,341 shares of the enterprise software provider’s stock after purchasing an additional 139 shares during the quarter. Red Door Wealth Management LLC’s holdings in Oracle were worth $890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Donoghue Forlines LLC bought a new stake in Oracle during the fourth quarter worth $1,994,000. Goldstein Advisors LLC increased its stake in shares of Oracle by 179.6% during the 4th quarter. Goldstein Advisors LLC now owns 3,629 shares of the enterprise software provider’s stock worth $605,000 after purchasing an additional 2,331 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in shares of Oracle by 2.3% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,007 shares of the enterprise software provider’s stock valued at $1,334,000 after purchasing an additional 177 shares during the period. True North Advisors LLC lifted its stake in Oracle by 7.1% in the 4th quarter. True North Advisors LLC now owns 6,027 shares of the enterprise software provider’s stock valued at $1,004,000 after purchasing an additional 402 shares during the last quarter. Finally, Traynor Capital Management Inc. increased its position in Oracle by 80.5% during the fourth quarter. Traynor Capital Management Inc. now owns 3,445 shares of the enterprise software provider’s stock worth $574,000 after buying an additional 1,536 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $186.08 on Friday. The company has a market capitalization of $520.44 billion, a PE ratio of 45.50, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. 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 50 day simple moving average of $174.43 and a two-hundred day simple moving average of $162.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $14.12 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 annualized dividend and a yield of 0.86%. Oracle’s payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Finally, UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Oracle has a consensus 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.