1,038 Shares in Oracle Co. (NYSE:ORCL) Acquired by Curio Wealth LLC

Curio Wealth LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,038 shares of the enterprise software provider’s stock, valued at approximately $173,000.

A number of other hedge funds also recently added to or reduced their stakes in ORCL. State Street Corp lifted its position in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC lifted its position in Oracle by 2.6% during the third 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 purchasing an additional 885,041 shares during the period. Franklin Resources Inc. lifted 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 purchasing an additional 1,917,416 shares during the period. Fisher Asset Management LLC lifted its position in Oracle by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after purchasing an additional 97,635 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Evercore ISI lowered their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America lowered their price objective on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.71.

Oracle Stock Performance

Shares of NYSE ORCL opened at $149.36 on Monday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $417.76 billion, a P/E ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07. The firm’s fifty day moving average is $165.80 and its two-hundred day moving average is $169.85. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

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.