Personal CFO Solutions LLC Raises Position in Oracle Co. (NYSE:ORCL)

Personal CFO Solutions LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 26.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,350 shares of the enterprise software provider’s stock after purchasing an additional 3,670 shares during the quarter. Oracle comprises approximately 0.6% of Personal CFO Solutions LLC’s portfolio, making the stock its 28th biggest position. Personal CFO Solutions LLC’s holdings in Oracle were worth $2,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Raymond James Financial Inc. acquired a new position in shares of Oracle in the 4th quarter valued at $930,095,000. Franklin Resources Inc. grew its position in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp grew its position in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Amundi grew its position in Oracle by 15.2% during the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock worth $2,012,943,000 after purchasing an additional 1,623,609 shares during the period. Finally, Proficio Capital Partners LLC grew its position in Oracle by 3,805.0% during the 4th quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after purchasing an additional 941,819 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Guggenheim reissued a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Wednesday. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Up 3.3 %

Shares of Oracle stock opened at $155.89 on Friday. The stock has a market cap of $436.01 billion, a P/E ratio of 38.11, a P/E/G ratio of 3.46 and a beta of 1.07. The stock’s 50 day simple moving average is $167.63 and its 200-day simple moving average is $169.30. Oracle Co. has a 1-year low of $111.18 and a 1-year high of $198.31. 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 (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 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 return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Insider Transactions at Oracle

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 of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

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.