Berbice Capital Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Berbice Capital Management LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,600 shares of the enterprise software provider’s stock, valued at approximately $267,000.

A number of other large investors also recently modified their holdings of ORCL. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Reston Wealth Management LLC purchased a new stake in Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management purchased a new stake in Oracle in the third quarter valued at approximately $51,000. Friedenthal Financial purchased a new stake in Oracle in the third quarter valued at approximately $51,000. Finally, Activest Wealth Management raised its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.2 %

Shares of ORCL stock opened at $186.17 on Friday. The stock has a market cap of $520.71 billion, a P/E ratio of 45.70, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a 50 day moving average of $174.43 and a 200 day moving average of $162.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ORCL shares. Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their target price 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. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday. Finally, Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.