Baker Tilly Wealth Management LLC Purchases 1,340 Shares of Oracle Co. (NYSE:ORCL)

Baker Tilly Wealth Management LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,584 shares of the enterprise software provider’s stock after buying an additional 1,340 shares during the quarter. Oracle makes up approximately 1.3% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Baker Tilly Wealth Management LLC’s holdings in Oracle were worth $3,264,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $27,000. Quest Partners LLC bought a new stake in Oracle in the second quarter worth approximately $40,000. Reston Wealth Management LLC acquired a new position in Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Down 3.9 %

Shares of NYSE ORCL traded down $6.37 during mid-day trading on Friday, hitting $156.37. The stock had a trading volume of 3,189,125 shares, compared to its average volume of 5,972,659. The firm has a market cap of $437.36 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The business has a 50 day moving average price of $177.93 and a two-hundred day moving average price of $160.63. Oracle Co. has a 1 year low of $103.54 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. Oracle’s dividend payout ratio is currently 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.