Allen Mooney & Barnes Investment Advisors LLC Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Allen Mooney & Barnes Investment Advisors LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,041 shares of the enterprise software provider’s stock after selling 264 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Oracle were worth $840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $27,000. Quest Partners LLC acquired a new stake in Oracle during the second quarter worth approximately $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle in the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORCL shares. KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. DA Davidson boosted their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Up 1.6 %

ORCL opened at $156.34 on Wednesday. The firm has a market cap of $437.28 billion, a P/E ratio of 38.22, a PEG ratio of 3.39 and a beta of 1.06. The business’s fifty day simple moving average is $176.99 and its 200 day simple moving average is $161.24. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. 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.