AE Wealth Management LLC has reported an increase in its holdings of Oracle Co. (NYSE:ORCL) by 3.6% during the second quarter of this year, as stated in their most recent Form 13F filing with the Securities and Exchange Commission (SEC). The investment firm now owns 131,802 shares of Oracle’s stock, after acquiring an additional 4,617 shares during the quarter. With this increase in holdings, AE Wealth Management LLC’s stake in Oracle is currently valued at $15,696,000 as per the latest filing.
Oracle is a well-known enterprise software provider that offers a range of services to its clients. Its technology solutions encompass cloud computing, database management systems, and business analytics. The company has a strong presence in the global market and is renowned for its innovation and reliable software products.
In addition to their increased holdings, AE Wealth Management LLC also noted that Oracle recently announced its quarterly dividend payout. Stockholders who are recorded on October 12th will receive a dividend of $0.40 per share on October 26th. This translates to an annualized dividend of $1.60 per share and a dividend yield of 1.40%. The ex-dividend date for this payment is scheduled for October 11th.
Considering these figures, it can be deduced that Oracle has adopted a conservative approach towards dividend payouts by maintaining a dividend payout ratio (DPR) at approximately 47.62%. This percentage reflects the proportion of earnings distributed to shareholders as dividends.
Investors and analysts look closely at dividend distributions as they provide insights into a company’s financial health and its willingness to share profits with shareholders. The fact that Oracle consistently pays dividends indicates stability and confidence in its ability to generate cash flow.
Overall, AE Wealth Management LLC’s decision to increase their holdings in Oracle demonstrates their belief in the company’s potential for growth and profitability. As one of the leading enterprise software providers in the market, Oracle’s commitment to innovation and customer satisfaction has earned it a strong reputation.
It is worth noting that investing in stocks carries inherent risks, and individuals should seek professional advice before making any investment decisions. All financial information mentioned in this article reflects the data available as of September 17, 2023.
[bs_slider_forecast ticker=”CPB”]
Institutional Investors Show Interest in Oracle as Equities Research Analysts Weigh In
In recent months, there has been notable activity among institutional investors buying and selling shares of Oracle Corporation (ORCL). One such investor is Clear Investment Research LLC, which acquired a new position in the enterprise software provider during the fourth quarter of an undisclosed year, with the investment valued at $25,000. Similarly, NewSquare Capital LLC saw its position in Oracle increase by an impressive 843.3% in the first quarter of an unspecified year, resulting in their ownership of 283 shares worth $26,000.
Steward Financial Group LLC also entered the fray, purchasing a new stake in Oracle during the fourth quarter for $27,000. Likewise, Quintet Private Bank Europe S.A seized an opportunity to invest in Oracle during the first quarter with an acquisition valued at $30,000. Lastly, Altshuler Shaham Ltd concluded this string of purchases with a new stake in Oracle during the first quarter valued at $32,000.
Interestingly, it is worth noting that institutional investors and hedge funds currently own a substantial 42.44% of Oracle’s stock.
Various equities research analysts have offered insights into Oracle’s performance as well. For instance, Barclays recently adjusted their price objective on ORCL shares from $150.00 to $147.00 while maintaining an “overweight” rating on the stock in a research report issued on September 12th of an undisclosed year.
Another research coverage came from StockNews.com as they initiated coverage on Oracle and issued a “hold” rating on August 17th of an undisclosed year.
Moreover, BMO Capital Markets increased their price target for ORCL shares from $96.00 to $132.00 in a report published on June 13th of an undisclosed year.
Deutsche Bank Aktiengesellschaft also joined in adjusting its price target for Oracle from $120.00 to $135.00 around that same time frame.
Lastly, Monness Crespi & Hardt downgraded Oracle’s rating from “buy” to “neutral” on September 12th of an unspecified year.
Overall, twelve equities research analysts have given Oracle a hold rating while thirteen maintain a buy rating. Bloomberg.com states that the stock currently has an average rating of “Moderate Buy” and an average target price of $123.06.
As of the market open on September 17, 2023, Oracle shares on the New York Stock Exchange opened at $113.91. The company’s 50-day moving average stands at $117.28, with its two-hundred-day moving average recorded at $106.26.
Over the past year, Oracle shares have ranged from a low of $60.78 to a high of $127.54, indicating significant volatility in the stock’s movement.
With a market capitalization value measuring approximately $312.09 billion, Oracle demonstrates substantial stability in the software industry. The company carries a relatively high price-to-earnings ratio standing at 33.90 and possesses a price/earnings to growth ratio (PEG) of 2.97. Additionally, Oracle has a beta coefficient of 1.00, suggesting it exhibits market-level volatility in comparison to benchmark indices.
The enterprise software provider maintains favorable liquidity ratios, with a quick ratio of 0.91 and current ratio of 0.87 – indicating its ability to cover short-term liabilities with available assets.
However, it is worth noting that Oracle is dealing with higher levels of debt compared to its equity position with a debt-to-equity ratio exceeding 29 times.
Oracle last shared its quarterly earnings report on September 11th when they announced earnings per share (EPS) of $1.19 for the quarter – surpassing analysts’ expectations by $0.04 per share.
Meanwhile, net margin figures for Oracle reveal it stands at an impressive 18.40%, showcasing its ability to convert revenue into profit. However, the company experienced a negative return on equity amounting to a considerable 3,631.39%.
In terms of revenue, Oracle generated $12.45 billion in the most recent quarter, narrowly missing the consensus estimate figure of $12.48 billion.
Significantly, this quarter marked an 8.8% year-on-year increase in revenue for the enterprise software provider.
As we look ahead, equities research analysts are predicting that Oracle will post earnings per share of approximately $4.49 for the current fiscal year.
These developments and figures depict a complex and dynamic market landscape for Oracle Corporation that warrants careful consideration from both institutional investors and financial analysts alike.
