GPS Wealth Strategies Group LLC lifted its position in Oracle Co. (NYSE:ORCL – Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,970 shares of the enterprise software provider’s stock after acquiring an additional 248 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Oracle were worth $495,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Horst & Graben Wealth Management LLC lifted its stake in Oracle by 1.0% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 9,304 shares of the enterprise software provider’s stock worth $1,550,000 after acquiring an additional 96 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Oracle by 10.8% in the 4th quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider’s stock valued at $7,307,000 after purchasing an additional 4,259 shares during the period. Valley National Advisers Inc. lifted its position in shares of Oracle by 14.4% in the fourth quarter. Valley National Advisers Inc. now owns 1,181 shares of the enterprise software provider’s stock worth $196,000 after purchasing an additional 149 shares in the last quarter. Citadel Investment Advisory Inc. boosted its holdings in shares of Oracle by 1.2% during the fourth quarter. Citadel Investment Advisory Inc. now owns 22,831 shares of the enterprise software provider’s stock worth $3,805,000 after purchasing an additional 264 shares during the period. Finally, McAdam LLC grew its position in Oracle by 12.6% during the fourth quarter. McAdam LLC now owns 7,606 shares of the enterprise software provider’s stock valued at $1,267,000 after purchasing an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. Morgan Stanley raised their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.
Insider Activity at Oracle
In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.
Oracle Stock Down 0.3 %
ORCL opened at $169.91 on Monday. The business has a 50 day moving average of $171.89 and a 200-day moving average of $163.41. The stock has a market capitalization of $475.24 billion, a price-to-earnings ratio of 41.54, a P/E/G ratio of 3.35 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.
Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.
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.
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