Hager Investment Management Services LLC Purchases New Holdings in Oracle Co. (NYSE:ORCL)

Hager Investment Management Services LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,987 shares of the enterprise software provider’s stock, valued at approximately $498,000.

Several other large investors also recently modified their holdings of ORCL. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% in the 4th 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 last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth about $44,000. Synergy Asset Management LLC bought a new stake in Oracle in the fourth quarter valued at approximately $47,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $167.98 on Wednesday. The stock has a market cap of $469.83 billion, a PE ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. The company’s fifty day moving average is $171.50 and its 200 day moving average is $163.79. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. 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 announced 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). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, KeyCorp increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.