Strategic Advisors LLC Purchases 1,012 Shares of Oracle Co. (NYSE:ORCL)

Strategic Advisors LLC lifted its position in Oracle Co. (NYSE:ORCL) by 27.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,755 shares of the enterprise software provider’s stock after acquiring an additional 1,012 shares during the period. Strategic Advisors LLC’s holdings in Oracle were worth $792,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Group Ltd. bought a new position in Oracle during the 3rd quarter valued at approximately $222,000. Creative Planning increased its position in Oracle by 4.1% during the 3rd quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock valued at $132,045,000 after buying an additional 30,341 shares in the last quarter. Howard Capital Management Group LLC increased its position in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after buying an additional 883 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in Oracle by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,250 shares of the enterprise software provider’s stock valued at $1,917,000 after buying an additional 396 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its position in Oracle by 47.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 7,094 shares of the enterprise software provider’s stock valued at $1,209,000 after buying an additional 2,273 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $173.50 on Monday. The stock’s 50-day simple moving average is $169.33 and its 200-day simple moving average is $165.80. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a market capitalization of $485.27 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a report on Friday, December 20th. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.