Fairscale Capital LLC Has $141,000 Stock Position in Oracle Co. (NYSE:ORCL)

Fairscale Capital LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 847 shares of the enterprise software provider’s stock after buying an additional 122 shares during the quarter. Fairscale Capital LLC’s holdings in Oracle were worth $141,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its holdings 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 acquiring an additional 883 shares during the period. Impax Asset Management Group plc grew its stake in Oracle by 2.3% during the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock valued at $395,295,000 after acquiring an additional 53,128 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares during the period. Summit Global Investments bought a new position in Oracle in the 3rd quarter valued at $436,000. Finally, Galvin Gaustad & Stein LLC purchased a new position in Oracle during the third quarter worth about $230,000. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Up 3.3 %

ORCL stock opened at $155.89 on Monday. Oracle Co. has a twelve month low of $111.18 and a twelve month high of $198.31. The stock has a market cap of $436.01 billion, a P/E ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50 day moving average is $167.63 and its two-hundred day moving average is $169.51.

Oracle (NYSE:ORCL) last released its earnings results 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). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by company insiders.

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.