Oracle Co. (NYSE:ORCL) Shares Acquired by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,696 shares of the enterprise software provider’s stock after acquiring an additional 200 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Oracle were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth about $27,000. Reston Wealth Management LLC purchased a new stake in Oracle during the third quarter worth approximately $44,000. Quest Partners LLC acquired a new position in Oracle in the second quarter valued at approximately $40,000. Avondale Wealth Management purchased a new position in Oracle in the third quarter valued at approximately $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.5 %

Oracle stock opened at $153.73 on Tuesday. The firm has a market capitalization of $429.98 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $105.42 and a fifty-two week high of $198.31. The stock’s fifty day moving average is $177.30 and its two-hundred day moving average is $161.13.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. Analysts predict that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORCL. DA Davidson upped their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.