Coerente Capital Management Purchases New Holdings in Oracle Co. (NYSE:ORCL)

Coerente Capital Management acquired a new position in shares of Oracle Co. (NYSE:ORCLFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,925 shares of the enterprise software provider’s stock, valued at approximately $203,000.

A number of other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. raised its holdings in Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after acquiring an additional 2,221 shares during the last quarter. AMI Investment Management Inc. lifted its position in Oracle by 2.9% during the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after buying an additional 579 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Oracle by 29.2% during the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. increased its stake in shares of Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.1 %

Shares of ORCL opened at $125.48 on Tuesday. The stock has a market cap of $344.88 billion, a PE ratio of 33.11, a P/E/G ratio of 2.43 and a beta of 1.01. The stock’s 50-day moving average is $117.04 and its two-hundred day moving average is $111.57. Oracle Co. has a 12 month low of $92.09 and a 12 month high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Oracle’s payout ratio is 42.22%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ORCL shares. Evercore ISI cut their target price on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. HSBC upped their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Morgan Stanley lowered their target price on Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. Finally, Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Get Our Latest Research Report on ORCL

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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