Everhart Financial Group Inc. Buys 96 Shares of Oracle Co. (NYSE:ORCL)

Everhart Financial Group Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,163 shares of the enterprise software provider’s stock after purchasing an additional 96 shares during the quarter. Everhart Financial Group Inc.’s holdings in Oracle were worth $755,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. BlackRock Inc. increased its stake in Oracle by 3.0% during the 2nd quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock worth $14,365,308,000 after purchasing an additional 3,494,674 shares in the last quarter. State Street Corp increased its stake in Oracle by 1.5% during the 2nd quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after purchasing an additional 928,013 shares in the last quarter. Morgan Stanley grew its stake in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after acquiring an additional 1,794,080 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ORCL. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. HSBC raised their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Wolfe Research decreased their price target on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. Finally, Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $130.76.

View Our Latest Stock Report on Oracle

Oracle Trading Down 0.9 %

Shares of Oracle stock opened at $127.79 on Friday. The stock has a fifty day simple moving average of $115.22 and a 200 day simple moving average of $111.54. Oracle Co. has a 12-month low of $87.51 and a 12-month high of $132.77. The company has a market capitalization of $351.23 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. Oracle’s dividend payout ratio is presently 42.22%.

Oracle Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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