Oracle Co. (NYSE:ORCL) Holdings Raised by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its stake in Oracle Co. (NYSE:ORCL) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,783 shares of the enterprise software provider’s stock after purchasing an additional 183 shares during the period. Oracle accounts for about 1.2% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 10th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Oracle were worth $6,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in Oracle in the second quarter valued at approximately $27,000. Quest Partners LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter worth $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the third quarter worth $51,000. Finally, Friedenthal Financial acquired a new position in Oracle during the third quarter valued at $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Performance

NYSE ORCL opened at $156.34 on Wednesday. The stock has a market cap of $437.28 billion, a PE ratio of 38.22, a P/E/G ratio of 3.39 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 fifty day simple moving average of $176.99 and a 200-day simple moving average of $161.24. The company has a current ratio of 0.81, a quick ratio of 0.72 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). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. Equities analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given 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 1.02%. Oracle’s dividend payout ratio is presently 39.12%.

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.