Anchor Capital Advisors LLC Buys 1,200 Shares of Oracle Co. (NYSE:ORCL)

Anchor Capital Advisors LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 34.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,675 shares of the enterprise software provider’s stock after acquiring an additional 1,200 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Oracle were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Orion Capital Management LLC purchased a new position in shares of Oracle in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC increased its position in shares of Oracle by 1,268.0% during the 3rd 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 during the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its stake in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle 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 transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. KeyCorp started coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Piper Sandler cut their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. BMO Capital Markets boosted their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Finally, HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Down 2.4 %

Shares of NYSE:ORCL opened at $113.75 on Wednesday. The company has a market cap of $312.64 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.34 and a beta of 1.01. Oracle Co. has a 12 month low of $93.85 and a 12 month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a 50-day moving average price of $119.63 and a 200 day moving average price of $113.25.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS 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 firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. Oracle’s dividend payout ratio is presently 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.