Dash Acquisitions Inc. Boosts Stake in Oracle Co. (NYSE:ORCL)

Dash Acquisitions Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 184.7% in the 4th quarter, Holdings Channel reports. The firm owned 53,372 shares of the enterprise software provider’s stock after buying an additional 34,624 shares during the quarter. Oracle accounts for approximately 2.0% of Dash Acquisitions Inc.’s portfolio, making the stock its 18th biggest position. Dash Acquisitions Inc.’s holdings in Oracle were worth $8,753,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Zullo Investment Group Inc. grew its position in Oracle by 3.4% in the 4th quarter. Zullo Investment Group Inc. now owns 2,198 shares of the enterprise software provider’s stock valued at $366,000 after acquiring an additional 72 shares during the last quarter. Boston Financial Mangement LLC lifted its position in shares of Oracle by 4.9% during the fourth quarter. Boston Financial Mangement LLC now owns 15,010 shares of the enterprise software provider’s stock worth $2,501,000 after purchasing an additional 697 shares during the last quarter. Maytree Asset Management Ltd purchased a new stake in shares of Oracle during the fourth quarter valued at $850,000. Advyzon Investment Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $554,000. Finally, Meitav Investment House Ltd. purchased a new position in Oracle in the 4th quarter worth about $401,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Guggenheim upped their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.0 %

Shares of NYSE:ORCL opened at $181.51 on Thursday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $507.68 billion, a P/E ratio of 44.38, a P/E/G ratio of 3.54 and a beta of 1.05. The business’s 50-day moving average is $169.09 and its 200 day moving average is $166.67. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Oracle’s payout ratio is currently 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.