Oracle Co. (NYSE:ORCL) Stock Position Raised by Strategic Blueprint LLC

Strategic Blueprint LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,572 shares of the enterprise software provider’s stock after acquiring an additional 495 shares during the quarter. Strategic Blueprint LLC’s holdings in Oracle were worth $482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Orion Capital Management LLC acquired a new stake in shares of Oracle in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle during the third quarter worth $27,000. Cornerstone Planning Group LLC raised 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 worth $36,000 after acquiring an additional 317 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $42,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Piper Sandler cut their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Finally, KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Up 1.2 %

ORCL stock opened at $123.24 on Friday. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a market cap of $338.73 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 2.36 and a beta of 1.01. The business’s 50-day simple moving average is $118.97 and its 200 day simple moving average is $112.34. 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 earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

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

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.