Impact Partnership Wealth LLC Grows Holdings in Oracle Co. (NYSE:ORCL)

Impact Partnership Wealth LLC raised its position in Oracle Co. (NYSE:ORCL) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,234 shares of the enterprise software provider’s stock after buying an additional 123 shares during the period. Impact Partnership Wealth LLC’s holdings in Oracle were worth $539,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in Oracle in the third quarter worth $44,000. Avondale Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at about $51,000. Friedenthal Financial bought a new position in shares of Oracle in the third quarter worth approximately $51,000. Finally, Activest Wealth Management raised its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. JMP Securities restated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday. Finally, Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Up 1.0 %

Shares of NYSE:ORCL opened at $186.08 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $520.44 billion, a P/E ratio of 45.50, a P/E/G ratio of 3.62 and a beta of 1.06. The business’s 50-day moving average is $174.43 and its 200 day moving average is $162.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last released its 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 during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. On average, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.