Investment Advisory Services Inc. TX ADV Grows Position in Oracle Co. (NYSE:ORCL)

Investment Advisory Services Inc. TX ADV grew its holdings in Oracle Co. (NYSE:ORCL) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 2,516 shares of the enterprise software provider’s stock after buying an additional 162 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in Oracle were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. RMR Wealth Builders grew its stake in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Oracle during the fourth quarter worth about $1,800,000. Finally, Chase Investment Counsel Corp acquired a new position in Oracle in the 3rd quarter worth approximately $4,160,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL stock opened at $174.53 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a market capitalization of $488.15 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. 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 business has a 50 day simple moving average of $170.42 and a 200-day simple moving average of $164.35.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. Finally, Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

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.