Breakwater Capital Group Sells 255 Shares of Oracle Co. (NYSE:ORCL)

by · The Markets Daily

Breakwater Capital Group lowered its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,187 shares of the enterprise software provider’s stock after selling 255 shares during the quarter. Oracle accounts for about 1.0% of Breakwater Capital Group’s holdings, making the stock its 22nd biggest holding. Breakwater Capital Group’s holdings in Oracle were worth $4,864,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Oracle in the second quarter worth about $27,000. Quest Partners LLC bought a new position in Oracle during the 2nd quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new stake in Oracle in the 3rd quarter worth approximately $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle during the third quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Citigroup raised their target price 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. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Check Out Our Latest Research Report on ORCL

Oracle Stock Performance

ORCL stock opened at $153.73 on Tuesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31. The company has a market cap of $429.98 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The stock’s fifty day moving average price is $177.30 and its 200-day moving average price is $161.13.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

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

Oracle Profile

(Free Report)

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.

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