2,649 Shares in Oracle Co. (NYSE:ORCL) Bought by North Forty Two & Co.

North Forty Two & Co. bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,649 shares of the enterprise software provider’s stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Activest Wealth Management grew its stake in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC grew its stake in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank grew its stake in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares in the last quarter. Requisite Capital Management LLC grew its stake in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after buying an additional 60 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 60 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 2.9 %

ORCL stock opened at $149.48 on Wednesday. The company has a market cap of $418.10 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business has a 50-day simple moving average of $165.32 and a 200 day simple moving average of $170.01. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. 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 posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on ORCL. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. DA Davidson reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Finally, Piper Sandler reduced their price objective on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

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.