Requisite Capital Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,240 shares of the enterprise software provider’s stock after purchasing an additional 60 shares during the period. Requisite Capital Management LLC’s holdings in Oracle were worth $373,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. M3 Advisory Group LLC raised its holdings in Oracle by 3.8% in the 4th quarter. M3 Advisory Group LLC now owns 3,254 shares of the enterprise software provider’s stock worth $542,000 after purchasing an additional 120 shares in the last quarter. Vista Investment Partners LLC increased its position in shares of Oracle by 0.7% during the fourth quarter. Vista Investment Partners LLC now owns 35,043 shares of the enterprise software provider’s stock valued at $5,840,000 after buying an additional 259 shares during the period. Park Edge Advisors LLC raised its stake in Oracle by 37.2% in the fourth quarter. Park Edge Advisors LLC now owns 6,843 shares of the enterprise software provider’s stock worth $1,140,000 after buying an additional 1,857 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Oracle by 4.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 72,166 shares of the enterprise software provider’s stock worth $12,026,000 after buying an additional 2,975 shares during the period. Finally, Duncan Williams Asset Management LLC grew its holdings in shares of Oracle by 141.1% during the 4th quarter. Duncan Williams Asset Management LLC now owns 3,076 shares of the enterprise software provider’s stock worth $513,000 after acquiring an additional 1,800 shares during the period. Institutional investors own 42.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on ORCL shares. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Finally, Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.
Oracle Stock Down 1.5 %
Oracle stock opened at $183.59 on Friday. The stock has a market cap of $513.50 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $174.41 and a 200 day moving average of $162.49. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.
Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current year.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.
Insiders Place Their Bets
In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.
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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