Oracle Co. (NYSE:ORCL) Shares Acquired by Snider Financial Group

Snider Financial Group raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,216 shares of the enterprise software provider’s stock after acquiring an additional 232 shares during the quarter. Snider Financial Group’s holdings in Oracle were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Triad Wealth Partners LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $276,000. Laffer Tengler Investments Inc. lifted its position in shares of Oracle by 5.4% in the fourth quarter. Laffer Tengler Investments Inc. now owns 69,750 shares of the enterprise software provider’s stock valued at $11,623,000 after acquiring an additional 3,543 shares in the last quarter. Carrera Capital Advisors increased its position in Oracle by 13.3% during the 4th quarter. Carrera Capital Advisors now owns 1,835 shares of the enterprise software provider’s stock worth $306,000 after purchasing an additional 215 shares in the last quarter. Victory Capital Management Inc. raised its stake in Oracle by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 840,892 shares of the enterprise software provider’s stock valued at $140,126,000 after purchasing an additional 17,346 shares during the last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $157.24 on Wednesday. The company has a 50-day moving average price of $168.50 and a two-hundred day moving average price of $169.15. The stock has a market cap of $439.78 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. 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 Co. has a 52 week low of $110.36 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business 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 company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

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.