Seros Financial LLC Makes New $249,000 Investment in Oracle Co. (NYSE:ORCL)

Seros Financial LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,495 shares of the enterprise software provider’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Red Door Wealth Management LLC raised its holdings in shares of Oracle by 2.7% in the 4th 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 period. Donoghue Forlines LLC bought a new stake in Oracle in the fourth quarter valued at approximately $1,994,000. Goldstein Advisors LLC lifted its position in shares of Oracle by 179.6% in the fourth quarter. Goldstein Advisors LLC now owns 3,629 shares of the enterprise software provider’s stock valued at $605,000 after buying an additional 2,331 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in shares of 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 worth $1,334,000 after acquiring an additional 177 shares during the period. Finally, True North Advisors LLC increased its holdings in shares of Oracle by 7.1% during the 4th quarter. True North Advisors LLC now owns 6,027 shares of the enterprise software provider’s stock worth $1,004,000 after acquiring an additional 402 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday. Finally, DA Davidson upped their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Up 1.0 %

Shares of Oracle stock opened at $186.08 on Friday. The firm 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 stock’s 50-day moving average is $174.43 and its 200 day moving average is $162.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. Oracle’s dividend payout ratio is presently 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.