Bar Harbor Wealth Management Has $746,000 Stock Position in Oracle Co. (NYSE:ORCL)

Bar Harbor Wealth Management cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,474 shares of the enterprise software provider’s stock after selling 88 shares during the quarter. Bar Harbor Wealth Management’s holdings in Oracle were worth $746,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC acquired a new position in shares of Oracle during the second quarter valued at about $40,000. Rathbones Group PLC raised its holdings in Oracle by 1.6% in the 2nd quarter. Rathbones Group PLC now owns 35,634 shares of the enterprise software provider’s stock valued at $5,032,000 after acquiring an additional 567 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $86,000. Wealth Dimensions Group Ltd. grew its holdings in shares of Oracle by 7.6% during the 2nd quarter. Wealth Dimensions Group Ltd. now owns 5,079 shares of the enterprise software provider’s stock worth $717,000 after purchasing an additional 357 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after purchasing an additional 424,500 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. DA Davidson upped their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Down 0.5 %

Shares of NYSE:ORCL opened at $153.73 on Tuesday. 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 stock has a market cap of $429.98 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a 50 day moving average of $177.30 and a 200-day moving average of $161.13. Oracle Co. has a one year low of $105.42 and a one year high of $198.31.

Oracle (NYSE:ORCL) last released its 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. Oracle’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. Oracle’s 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.