Financial Enhancement Group LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Financial Enhancement Group LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,499 shares of the enterprise software provider’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC increased its stake in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Quest Partners LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management acquired a new stake in Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new position in Oracle in the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup boosted their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Price Performance

Shares of NYSE ORCL opened at $158.35 on Thursday. The stock has a market cap of $442.90 billion, a P/E ratio of 38.72, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The stock has a 50 day moving average of $176.99 and a two-hundred day moving average of $161.24. The company has a current ratio of 0.81, a quick 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 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the company earned $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

About Oracle

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.