HB Wealth Management LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)

HB Wealth Management LLC has increased its ownership in Oracle Co. (NYSE:ORCL) by 2.5% during the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 4,581 shares, the firm now holds a total of 185,623 shares of the enterprise software provider. The value of HB Wealth Management LLC's stake in Oracle amounted to approximately $30,932,000 at the end of the latest reporting period.

Changes by Other Institutional Investors

Several other institutional investors have also adjusted their stakes in Oracle. For instance, Winch Advisory Services LLC significantly increased its position by 89.7% during the same quarter, now owning 184 shares valued at around $31,000 after purchasing an additional 87 shares. Reston Wealth Management LLC established a new position in Oracle in the third quarter, investing approximately $44,000. Likewise, Avondale Wealth Management and Friedenthal Financial also acquired new stakes, each valued at about $51,000 during the third quarter. Additionally, Activest Wealth Management increased its ownership in Oracle by 21.9%, owning 312 shares valued at $53,000 after adding 56 shares during that time. A total of institutional investors currently hold 42.44% of Oracle's stock.

Oracle Stock Performance

On the trading front, Oracle's stock experienced a slight increase of 0.9% on Friday, with a price of $161.05. During the trading session, the volume was recorded at 11,593,649 shares, which is significantly higher than the average daily trading volume of 5,912,798 shares. The company boasts a current ratio of 0.81, a quick ratio of 0.81, and a debt-to-equity ratio of 5.65. Over the past year, Oracle’s stock has had a low of $106.51 and a high of $198.31. The 50-day moving average stands at $176.00 and the 200-day moving average at $161.21. Oracle's market capitalization is about $450.44 billion, with a P/E ratio of 39.38 and a P/E/G ratio of 3.03.

Oracle's Earnings Report

Oracle recently released its earnings results for the quarter ending December 9th, reporting earnings per share (EPS) of $1.47, which was slightly below the consensus estimate of $1.48. The company generated $14.06 billion in revenue for the quarter, coming up short of analyst expectations of $14.12 billion. Oracle's return on equity was impressive at 133.25%, with a net margin of 21.16%. Compared to the previous year, there was an 8.6% increase in revenue. Analysts predict that Oracle is likely to report earnings of 5.01 per share for the current year.

Recent Dividend Announcement

Oracle has also announced a quarterly dividend of $0.40, which was paid on January 9th. Shareholders who were on record by January 23rd received this dividend, with the ex-dividend date set for January 10th. This results in an annualized dividend of $1.60, yielding approximately 0.99%. As of now, Oracle's payout ratio is 39.12%.

Analyst Predictions

Various equity analysts have shared their outlook on Oracle's shares. JMP Securities maintained a "market outperform" rating with a price target of $205.00. Similarly, Royal Bank of Canada reiterated a “sector perform” rating with a target price of $165.00. BMO Capital Markets increased their price target from $173.00 to $205.00, also rating it as "market perform". However, Monness Crespi & Hardt downgraded Oracle from "neutral" to "sell", with a target of $130.00. Meanwhile, Cantor Fitzgerald started its coverage on Oracle, giving it an "overweight" rating with a price target of $214.00. The stock has received one sell rating, ten hold ratings, eighteen buy ratings, and two strong buy ratings, resulting in a consensus rating of "Moderate Buy" with an average target price of $182.73.

About Oracle Corporation

Oracle Corporation provides a range of products and services tailored to enterprise information technology needs globally. Its offerings include various cloud software applications like Oracle Fusion cloud ERP, Oracle Cerner healthcare solutions, and the NetSuite applications suite, among others.

investment, stocks, Oracle