Oracle Co. (NYSE:ORCL) Shares Acquired by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 17.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,084 shares of the enterprise software provider’s stock after buying an additional 897 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Oracle were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ORCL. Orion Capital Management LLC acquired a new stake in Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new position in Oracle during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, Studio Investment Management LLC bought a new position in Oracle during the 4th quarter valued at $42,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $125.48 on Tuesday. The firm has a market cap of $344.88 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.01. The company’s fifty day moving average is $117.04 and its 200-day moving average is $111.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12 month low of $92.09 and a 12 month high of $132.77.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $13.29 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of Oracle 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. HSBC raised their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Morgan Stanley decreased their target price on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Wolfe Research decreased their target price on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. Finally, BMO Capital Markets lifted their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Get Our Latest Stock Analysis on ORCL

About Oracle

(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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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