Retirement Wealth Solutions LLC Invests $101,000 in Oracle Co. (NYSE:ORCL)

Retirement Wealth Solutions LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The firm bought 656 shares of the enterprise software provider’s stock, valued at approximately $101,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Oracle by 71.5% during the second quarter. Brighton Jones LLC now owns 266,931 shares of the enterprise software provider’s stock valued at $37,691,000 after buying an additional 111,324 shares during the last quarter. Ieq Capital LLC increased its stake in Oracle by 11.2% during the second quarter. Ieq Capital LLC now owns 140,559 shares of the enterprise software provider’s stock valued at $19,847,000 after acquiring an additional 14,105 shares during the period. Trust Investment Advisors acquired a new position in Oracle in the 2nd quarter valued at approximately $212,000. Canada Pension Plan Investment Board lifted its position in shares of Oracle by 20.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,450,762 shares of the enterprise software provider’s stock worth $204,848,000 after acquiring an additional 248,664 shares during the period. Finally, Callan Capital LLC grew its holdings in shares of Oracle by 1.2% during the 2nd quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider’s stock worth $3,005,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

ORCL stock opened at $161.05 on Friday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The business’s 50-day moving average price is $176.00 and its two-hundred day moving average price is $161.21. The firm has a market cap of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. 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 released 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. As a group, research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s payout ratio is 39.12%.

About Oracle

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.