Verde Capital Management Makes New Investment in Oracle Co. (NYSE:ORCL)

Verde Capital Management purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,530 shares of the enterprise software provider’s stock, valued at approximately $255,000.

Several other institutional investors also recently modified their holdings of the business. Seros Financial LLC bought a new position in Oracle during the 4th quarter valued at about $249,000. Red Door Wealth Management LLC raised its holdings in shares of Oracle by 2.7% during the fourth quarter. Red Door Wealth Management LLC now owns 5,341 shares of the enterprise software provider’s stock valued at $890,000 after purchasing an additional 139 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Oracle in the fourth quarter worth approximately $1,994,000. Goldstein Advisors LLC grew its position in Oracle by 179.6% in the 4th quarter. Goldstein Advisors LLC now owns 3,629 shares of the enterprise software provider’s stock worth $605,000 after purchasing an additional 2,331 shares during the period. Finally, Beacon Investment Advisory Services Inc. raised its stake in Oracle by 2.3% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,007 shares of the enterprise software provider’s stock valued at $1,334,000 after buying an additional 177 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Oracle stock opened at $186.08 on Friday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a market cap of $520.44 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06. The firm’s fifty day moving average is $174.43 and its 200 day moving average is $162.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

Several brokerages recently commented on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday. Finally, 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.73.

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.