Northstar Advisory Group LLC Purchases 406 Shares of Oracle Co. (NYSE:ORCL)

Northstar Advisory Group LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,153 shares of the enterprise software provider’s stock after buying an additional 406 shares during the period. Oracle makes up 1.6% of Northstar Advisory Group LLC’s portfolio, making the stock its 18th largest holding. Northstar Advisory Group LLC’s holdings in Oracle were worth $3,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter worth about $27,000. Quest Partners LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new position in Oracle during the 3rd quarter worth $44,000. Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter valued at $51,000. Finally, Friedenthal Financial purchased a new stake in shares of Oracle in the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. Guggenheim upped their price objective 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. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Performance

ORCL stock traded down $0.77 during trading on Monday, hitting $153.73. 8,320,609 shares of the company traded hands, compared to its average volume of 7,901,509. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31. The stock’s 50-day simple moving average is $177.62 and its 200 day simple moving average is $161.04. The company has a market cap of $429.98 billion, a PE ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Oracle’s payout ratio is 39.12%.

Oracle 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.