Symphony Financial Ltd. Co. Has $4.68 Million Holdings in Oracle Co. (NYSE:ORCL)

Symphony Financial Ltd. Co. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 24.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,039 shares of the enterprise software provider’s stock after purchasing an additional 5,075 shares during the period. Symphony Financial Ltd. Co.’s holdings in Oracle were worth $4,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. grew its position in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp increased its holdings in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the period. Geode Capital Management LLC boosted its position in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Oracle by 2,899.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after buying an additional 883,233 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORCL. Guggenheim raised their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $169.91 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $171.89 and its 200-day simple moving average is $163.26. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market capitalization of $475.24 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is currently 39.12%.

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.