Oracle Co. (NYSE:ORCL) Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co increased its holdings in Oracle Co. (NYSE:ORCL) by 28.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,247 shares of the enterprise software provider’s stock after purchasing an additional 2,264 shares during the period. Charles Schwab Trust Co’s holdings in Oracle were worth $1,708,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its stake in shares of Oracle by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 240,777 shares of the enterprise software provider’s stock valued at $40,123,000 after buying an additional 2,828 shares during the period. Reliant Investment Management LLC boosted its holdings in Oracle by 0.3% in the fourth quarter. Reliant Investment Management LLC now owns 36,016 shares of the enterprise software provider’s stock valued at $6,002,000 after acquiring an additional 110 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in Oracle during the fourth quarter worth about $80,000. Ballentine Partners LLC grew its holdings in shares of Oracle by 4.7% during the 4th quarter. Ballentine Partners LLC now owns 33,416 shares of the enterprise software provider’s stock worth $5,568,000 after purchasing an additional 1,493 shares during the period. Finally, Martel Wealth Advisors Inc purchased a new position in Oracle in the fourth quarter valued at approximately $500,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. Guggenheim increased their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 0.9 %

Shares of Oracle stock opened at $161.05 on Tuesday. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company’s fifty day moving average price is $175.44 and its two-hundred day moving average price is $161.58.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Oracle Company 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.