Beacon Financial Advisory LLC Has $441,000 Position in Oracle Co. (NYSE:ORCL)

Beacon Financial Advisory LLC raised its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 37.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,186 shares of the enterprise software provider’s stock after purchasing an additional 1,135 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Oracle were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LVM Capital Management Ltd. MI increased its position in Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after purchasing an additional 200 shares during the period. Quantum Private Wealth LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $229,000. Cooper Financial Group boosted its holdings in shares of Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares in the last quarter. Mendota Financial Group LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $171,000. Finally, Greenfield Savings Bank boosted its holdings in shares of Oracle by 7.8% during the 3rd quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock worth $957,000 after buying an additional 656 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $124.17 on Wednesday. Oracle Co. has a 1-year low of $92.93 and a 1-year high of $132.77. The stock has a market cap of $341.28 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.01. The stock’s fifty day simple moving average is $117.60 and its two-hundred day simple moving average is $111.72. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. UBS Group cut their price target on Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Check Out Our Latest Analysis on Oracle

Oracle Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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