Eagle Wealth Strategies LLC Invests $246,000 in Oracle Co. (NYSE:ORCL)

Eagle Wealth Strategies LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,338 shares of the enterprise software provider’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Bison Wealth LLC lifted its stake in Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the period. MONECO Advisors LLC lifted its stake in shares of Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares during the period. Everhart Financial Group Inc. lifted its stake in shares of Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares during the period. Nicholas Hoffman & Company LLC. lifted its stake in shares of Oracle by 1.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Oracle by 0.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer initiated coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Piper Sandler cut their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Down 0.2 %

Shares of ORCL opened at $116.94 on Monday. The stock has a market capitalization of $321.41 billion, a PE ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50-day simple moving average is $119.42 and its 200-day simple moving average is $113.16.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 42.22%.

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.