Atala Financial Inc Takes $3.32 Million Position in Oracle Co. (NYSE:ORCL)

Atala Financial Inc purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,940 shares of the enterprise software provider’s stock, valued at approximately $3,323,000. Oracle comprises approximately 2.3% of Atala Financial Inc’s investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. grew its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $47,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Citigroup cut their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday. Piper Sandler cut their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Oracle Price Performance

Shares of Oracle stock opened at $147.41 on Friday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The stock’s fifty day moving average is $166.14 and its 200 day moving average is $169.34. The stock has a market cap of $412.30 billion, a P/E ratio of 36.04, a P/E/G ratio of 3.46 and a beta of 1.07. 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 issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

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.