DCF Advisers LLC Purchases 7,500 Shares of Oracle Co. (NYSE:ORCL)

DCF Advisers LLC grew its position in Oracle Co. (NYSE:ORCL) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,500 shares of the enterprise software provider’s stock after purchasing an additional 7,500 shares during the period. Oracle makes up approximately 2.9% of DCF Advisers LLC’s holdings, making the stock its 7th largest holding. DCF Advisers LLC’s holdings in Oracle were worth $6,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC lifted its position in Oracle by 12.4% during the 3rd 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 in the last quarter. Principal Financial Group Inc. lifted its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. United Bank lifted its position in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after acquiring an additional 519 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Oracle during the 3rd quarter worth approximately $70,000. Finally, Moran Wealth Management LLC acquired a new position in Oracle during the 3rd quarter worth approximately $1,882,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 0.2 %

NYSE:ORCL opened at $152.78 on Friday. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The firm has a market capitalization of $427.31 billion, a P/E ratio of 37.35, 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 current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $164.90 and a 200 day simple moving average of $169.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 EPS 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. 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 payout ratio is 46.95%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on 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 approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler reduced their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Barclays dropped their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, Morgan Stanley dropped their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $179.20.

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.