Enterprise Bank & Trust Co Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Enterprise Bank & Trust Co raised its stake in shares of Oracle Co. (NYSE:ORCL) by 19.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,580 shares of the enterprise software provider’s stock after buying an additional 1,065 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Oracle were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Oracle in the 2nd quarter worth approximately $27,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter valued at $44,000. Quest Partners LLC bought a new stake in Oracle in the 2nd quarter worth about $40,000. Avondale Wealth Management purchased a new position in shares of Oracle during the third quarter valued at approximately $51,000. Finally, Friedenthal Financial bought a new position in Oracle during the third quarter valued at approximately $51,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Oracle stock traded down $0.93 during midday trading on Monday, reaching $153.57. 4,971,780 shares of the stock traded hands, compared to its average volume of 7,395,279. 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 Co. has a 12 month low of $105.42 and a 12 month high of $198.31. The stock’s fifty day moving average is $177.62 and its 200-day moving average is $161.04. The stock has a market cap of $429.53 billion, a P/E ratio of 37.55, a PEG ratio of 3.39 and a beta of 1.06.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BMO Capital Markets raised their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Citigroup increased their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.