Gamco Investors INC. ET AL Buys 1,464 Shares of Oracle Co. (NYSE:ORCL)

Gamco Investors INC. ET AL raised its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 17.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,986 shares of the enterprise software provider’s stock after purchasing an additional 1,464 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Oracle were worth $1,058,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Marquette Asset Management LLC raised its holdings in Oracle by 445.5% in the 2nd quarter. Marquette Asset Management LLC now owns 240 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 196 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Oracle during the third quarter valued at $45,000. IMA Wealth Inc. increased its holdings in Oracle by 30.5% in the 2nd quarter. IMA Wealth Inc. now owns 428 shares of the enterprise software provider’s stock worth $51,000 after buying an additional 100 shares in the last quarter. Finally, Intrepid Capital Management Inc. purchased a new position in Oracle in the 2nd quarter worth about $51,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Edward Jones raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Morgan Stanley decreased their target price on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. Piper Sandler dropped their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. BMO Capital Markets cut their price objective on Oracle from $130.00 to $126.00 and set a “market perform” rating for the company in a report on Tuesday, December 12th. Finally, UBS Group lowered their target price on Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Check Out Our Latest Stock Analysis on ORCL

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 16,300 shares of Oracle stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total value of $1,728,126.00. Following the sale, the director now directly owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, Director George H. Conrades sold 2,325 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $113.76, for a total transaction of $264,492.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,029,023.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the sale, the director now owns 34,771 shares in the company, valued at $3,686,421.42. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $116.64 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 18.84. Oracle Co. has a twelve month low of $82.04 and a twelve month high of $127.54. The business has a 50-day moving average price of $108.94 and a 200-day moving average price of $111.49. The firm has a market cap of $320.63 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. The business had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.05 billion. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. As a group, equities research analysts predict that Oracle Co. will post 4.45 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, January 10th. Oracle’s payout ratio is currently 44.20%.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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