Consolidated Portfolio Review Corp Raises Stock Position in Oracle Co. (NYSE:ORCL)

Consolidated Portfolio Review Corp lifted its position in shares of Oracle Co. (NYSE:ORCL) by 59.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,962 shares of the enterprise software provider’s stock after buying an additional 1,841 shares during the period. Consolidated Portfolio Review Corp’s holdings in Oracle were worth $827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. McHugh Group LLC purchased a new stake in Oracle during the fourth quarter worth $1,180,000. Geneva Partners LLC raised its stake in shares of Oracle by 111.6% during the 4th quarter. Geneva Partners LLC now owns 30,060 shares of the enterprise software provider’s stock worth $5,009,000 after buying an additional 15,853 shares during the last quarter. Financial Advocates Investment Management boosted its position in shares of Oracle by 10.5% in the 4th quarter. Financial Advocates Investment Management now owns 6,787 shares of the enterprise software provider’s stock worth $1,131,000 after buying an additional 646 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in Oracle by 2.2% in the 4th quarter. Beacon Financial Advisory LLC now owns 4,388 shares of the enterprise software provider’s stock valued at $731,000 after acquiring an additional 96 shares during the last quarter. Finally, Adero Partners LLC increased its holdings in Oracle by 19.7% during the 4th quarter. Adero Partners LLC now owns 1,941 shares of the enterprise software provider’s stock valued at $323,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several recent research reports. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. BMO Capital Markets raised their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Citigroup upped their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,118,592 shares in the company, 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 available at this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Oracle stock opened at $174.53 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. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market cap of $488.15 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The stock’s 50-day moving average is $170.63 and its 200-day moving average is $164.11.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors 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 yield of 0.92%. 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.