Strategic Blueprint LLC Has $940,000 Position in Oracle Co. (NYSE:ORCL)

Strategic Blueprint LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 5,639 shares of the enterprise software provider’s stock after purchasing an additional 343 shares during the quarter. Strategic Blueprint LLC’s holdings in Oracle were worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in Oracle by 19.4% during the fourth quarter. Hantz Financial Services Inc. now owns 275,531 shares of the enterprise software provider’s stock worth $45,914,000 after purchasing an additional 44,844 shares during the period. McKinley Carter Wealth Services Inc. lifted its position in shares of Oracle by 12.3% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 6,378 shares of the enterprise software provider’s stock valued at $1,063,000 after buying an additional 700 shares during the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Oracle during the 4th quarter worth approximately $10,515,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Oracle by 104.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,648,040 shares of the enterprise software provider’s stock worth $274,629,000 after acquiring an additional 841,491 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in Oracle by 26.5% in the 4th quarter. Sumitomo Life Insurance Co. now owns 30,429 shares of the enterprise software provider’s stock valued at $5,071,000 after acquiring an additional 6,374 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 5.2 %

Shares of NYSE ORCL opened at $170.41 on Friday. The stock has a 50-day moving average price of $172.79 and a two-hundred day moving average price of $163.03. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. 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 has a market cap of $476.62 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its 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). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 EPS. As a group, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s 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 directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Mizuho upped their price target 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 downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. BMO Capital Markets upped their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.