Atomi Financial Group Inc. Buys 2,324 Shares of Oracle Co. (NYSE:ORCL)

Atomi Financial Group Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 15.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,903 shares of the enterprise software provider’s stock after purchasing an additional 2,324 shares during the period. Atomi Financial Group Inc.’s holdings in Oracle were worth $2,817,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after purchasing an additional 39,107 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Oracle by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after acquiring an additional 6,215 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Oracle by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 355,652 shares of the enterprise software provider’s stock worth $50,218,000 after buying an additional 10,650 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in Oracle by 3.4% in the second quarter. Epoch Investment Partners Inc. now owns 41,745 shares of the enterprise software provider’s stock valued at $5,894,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new stake in Oracle in the second quarter worth about $103,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.9 %

NYSE ORCL opened at $161.05 on Tuesday. The stock has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.16 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The stock’s 50 day moving average price is $174.87 and its two-hundred day moving average price is $161.70. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald began coverage on Oracle in a research report on Friday. They issued an “overweight” rating and a $214.00 price target on the stock. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.