Tradewinds Capital Management LLC Acquires 660 Shares of Oracle Co. (NYSE:ORCL)

Tradewinds Capital Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 60.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,756 shares of the enterprise software provider’s stock after purchasing an additional 660 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Oracle were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Wealth Group Ltd. purchased a new stake in Oracle in the third quarter worth approximately $222,000. Howard Capital Management Group LLC grew its holdings in shares of Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after acquiring an additional 883 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in Oracle during the third quarter valued at $1,266,000. Silver Oak Securities Incorporated lifted its stake in shares of Oracle by 15.3% in the 3rd quarter. Silver Oak Securities Incorporated now owns 5,877 shares of the enterprise software provider’s stock worth $959,000 after purchasing an additional 778 shares during the period. Finally, Trueblood Wealth Management LLC grew its position in Oracle by 3.6% during the third quarter. Trueblood Wealth Management LLC now owns 12,694 shares of the enterprise software provider’s stock valued at $2,163,000 after buying an additional 443 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 4.6 %

Shares of ORCL stock opened at $167.92 on Friday. The company has a market cap of $469.66 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $168.99 and its two-hundred day simple moving average is $167.29. Oracle Co. has a 1 year low of $109.66 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed 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 yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus upped their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

About Oracle

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.