Oracle Co. (NYSE:ORCL) Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,307 shares of the enterprise software provider’s stock after buying an additional 431 shares during the period. Hohimer Wealth Management LLC’s holdings in Oracle were worth $4,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth $44,000. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at $40,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle in the third quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $177.74 on Wednesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a one year low of $99.26 and a one year high of $198.31. The business’s 50-day moving average price is $179.76 and its two-hundred day moving average price is $154.67. The company has a market capitalization of $492.53 billion, a P/E ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 EPS. Analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Tuesday. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.