Oracle Co. (NYSE:ORCL) Shares Acquired by Patron Partners LLC

Patron Partners LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,786 shares of the enterprise software provider’s stock after acquiring an additional 119 shares during the quarter. Patron Partners LLC’s holdings in Oracle were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ORCL. R Squared Ltd acquired a new stake in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Synergy Asset Management LLC bought a new stake in Oracle in the fourth quarter worth approximately $47,000. Finally, Avondale Wealth Management purchased a new stake in Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.9 %

Oracle stock opened at $168.60 on Tuesday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a market cap of $471.57 billion, a P/E ratio of 41.22, a P/E/G ratio of 3.35 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50-day moving average price is $171.89 and its two-hundred day moving average price is $163.58.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 period last year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 0.95%. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley upped 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. Piper Sandler increased their target price 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. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Company 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.