112,762 Shares in Oracle Co. (NYSE:ORCL) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel reports. The fund acquired 112,762 shares of the enterprise software provider’s stock, valued at approximately $18,791,000. Oracle makes up approximately 0.6% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. R Squared Ltd acquired a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. TFC Financial Management Inc. raised its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Oracle in the 3rd quarter valued at about $44,000. Finally, Synergy Asset Management LLC acquired a new position in Oracle in the 4th quarter valued at about $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted 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. Guggenheim upped their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets upped their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 0.2 %

NYSE ORCL opened at $173.50 on Friday. The stock has a market cap of $485.27 billion, a PE ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business has a 50 day moving average price of $169.33 and a two-hundred day moving average price of $165.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 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.