Appleton Partners Inc. MA increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,170 shares of the enterprise software provider’s stock after acquiring an additional 173 shares during the quarter. Appleton Partners Inc. MA’s holdings in Oracle were worth $351,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC lifted its stake in Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 346 shares in the last quarter. Investors Research Corp bought a new position in Oracle in the first quarter valued at approximately $30,000. Covenant Multifamily Offices LLC bought a new position in Oracle in the first quarter valued at approximately $35,000. Clarfeld Financial Advisors LLC bought a new position in Oracle in the fourth quarter valued at approximately $39,000. Finally, Contravisory Investment Management Inc. bought a new position in Oracle in the first quarter valued at approximately $44,000. 54.26% of the stock is currently owned by institutional investors and hedge funds.
ORCL has been the topic of a number of research reports. William Blair reaffirmed a “market perform” rating on shares of Oracle in a research note on Thursday, June 20th. UBS Group reaffirmed a “neutral” rating and issued a $54.00 price target on shares of Oracle in a research note on Friday, June 14th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $59.00 price target (up previously from $53.00) on shares of Oracle in a research note on Thursday, June 20th. Raymond James lifted their price target on shares of Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Wells Fargo & Co lifted their price target on shares of Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.58.
NYSE:ORCL opened at $53.76 on Tuesday. The company has a fifty day moving average of $57.53. The firm has a market capitalization of $186.27 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.63 and a beta of 1.15. Oracle Co. has a one year low of $42.40 and a one year high of $60.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49.
Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.18. The company had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. Oracle’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities research analysts expect that Oracle Co. will post 3.5 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were given a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Oracle’s payout ratio is presently 30.38%.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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