Oracle Co. (NYSE:ORCL) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Oracle Co. (NYSE:ORCL) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,132 shares of the enterprise software provider’s stock after purchasing an additional 55,161 shares during the period. Janney Montgomery Scott LLC’s holdings in Oracle were worth $68,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Winch Advisory Services LLC raised 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. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth about $51,000. Friedenthal Financial acquired a new stake in shares of Oracle during the 3rd quarter worth about $51,000. Finally, Activest Wealth Management raised its position in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. 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 report on Friday, December 20th. Sanford C. Bernstein lifted their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Shares of NYSE ORCL opened at $184.18 on Thursday. The company has a market capitalization of $515.14 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $174.54 and a 200-day moving average of $161.90.

Oracle (NYSE:ORCL) last issued 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). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. On average, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 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.