Miracle Mile Advisors LLC Buys 48,047 Shares of Oracle Co. (NYSE:ORCL)

Miracle Mile Advisors LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 272.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,699 shares of the enterprise software provider’s stock after acquiring an additional 48,047 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Oracle were worth $10,948,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter worth $27,000. Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management bought a new position in Oracle in the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new position in Oracle during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. KeyCorp lifted their price target 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. Finally, Citigroup raised their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

Shares of ORCL traded down $0.77 during mid-day trading on Monday, hitting $153.73. The stock had a trading volume of 8,320,609 shares, compared to its average volume of 7,901,509. The business has a fifty day moving average price of $177.62 and a 200-day moving average price of $161.04. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market cap of $429.98 billion, a P/E ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06.

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 analysts’ consensus estimates 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 analysts’ expectations of $14.12 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently announced 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. This represents a $1.60 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, January 10th. 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.