Oracle Co. (NYSE:ORCL) Stake Increased by RFG Advisory LLC

RFG Advisory LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 64.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,115 shares of the enterprise software provider’s stock after buying an additional 6,294 shares during the period. RFG Advisory LLC’s holdings in Oracle were worth $1,699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Oracle in the fourth quarter worth $1,409,896,000. Moneta Group Investment Advisors LLC increased its position in Oracle by 112,785.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock worth $885,451,000 after purchasing an additional 10,822,934 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Piper Sandler decreased their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Morgan Stanley cut their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 12th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Down 0.6 %

Shares of ORCL opened at $123.23 on Wednesday. Oracle Co. has a 12 month low of $93.20 and a 12 month high of $132.77. The stock has a market cap of $338.70 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 2.41 and a beta of 1.01. The company has a 50-day moving average price of $118.62 and a two-hundred day moving average price of $112.19. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Oracle Company 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.