Monterey Private Wealth Inc. Purchases New Stake in Oracle Co. (NYSE:ORCL)

Monterey Private Wealth Inc. bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,424 shares of the enterprise software provider’s stock, valued at approximately $237,000.

Several other institutional investors have also recently made changes to their positions in ORCL. State Street Corp increased its position in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC lifted its stake in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after acquiring an additional 54,868 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

ORCL opened at $161.05 on Tuesday. The business’s 50 day moving average is $174.87 and its two-hundred day moving average is $161.70. The firm has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm earned $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Piper Sandler boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets boosted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Evercore ISI increased their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.