Oak Harvest Investment Services Raises Stock Position in Oracle Co. (NYSE:ORCL)

Oak Harvest Investment Services grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,828 shares of the enterprise software provider’s stock after buying an additional 324 shares during the quarter. Oak Harvest Investment Services’ holdings in Oracle were worth $7,803,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Cibc World Market Inc. raised its holdings in Oracle by 4.4% during the 4th quarter. Cibc World Market Inc. now owns 518,313 shares of the enterprise software provider’s stock valued at $86,372,000 after buying an additional 21,652 shares during the period. Mediolanum International Funds Ltd lifted its holdings in shares of Oracle by 104.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 229,948 shares of the enterprise software provider’s stock worth $38,286,000 after acquiring an additional 117,366 shares during the last quarter. Colton Groome Financial Advisors LLC boosted its stake in shares of Oracle by 21.3% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 3,007 shares of the enterprise software provider’s stock worth $501,000 after purchasing an additional 527 shares during the period. Crews Bank & Trust bought a new position in Oracle during the 4th quarter valued at about $1,800,000. Finally, Lewis Asset Management LLC raised its position in Oracle by 5.9% in the 4th quarter. Lewis Asset Management LLC now owns 7,631 shares of the enterprise software provider’s stock worth $1,272,000 after purchasing an additional 425 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ORCL shares. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Piper Sandler upped 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. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 5.2 %

Shares of ORCL opened at $170.41 on Friday. The firm has a market cap of $476.62 billion, a P/E ratio of 41.66, a PEG ratio of 3.19 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock’s 50 day moving average is $172.79 and its two-hundred day moving average is $163.03. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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 for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.34 EPS. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

About Oracle

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.