Eagle Rock Investment Company LLC Buys 137 Shares of Oracle Co. (NYSE:ORCL)

Eagle Rock Investment Company LLC raised its stake in Oracle Co. (NYSE:ORCL) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,763 shares of the enterprise software provider’s stock after acquiring an additional 137 shares during the period. Eagle Rock Investment Company LLC’s holdings in Oracle were worth $2,960,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Quest Partners LLC bought a new stake in Oracle during the second quarter worth $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter worth $51,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ORCL. Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Up 0.9 %

ORCL opened at $159.73 on Friday. Oracle Co. has a twelve month low of $105.68 and a twelve month high of $198.31. The company has a fifty day moving average of $176.53 and a 200-day moving average of $161.22. The stock has a market cap of $446.76 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. 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 issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 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.