ExodusPoint Capital Management LP Takes $29.45 Million Position in Oracle Co. (NYSE:ORCL)

ExodusPoint Capital Management LP acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 247,267 shares of the enterprise software provider’s stock, valued at approximately $29,447,000.

Other large investors have also recently made changes to their positions in the company. Marquette Asset Management LLC increased its stake in Oracle by 445.5% in the second quarter. Marquette Asset Management LLC now owns 240 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of Oracle by 48.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 308 shares of the enterprise software provider’s stock valued at $37,000 after buying an additional 100 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in Oracle during the 1st quarter worth $30,000. Altshuler Shaham Ltd purchased a new stake in Oracle in the first quarter valued at $32,000. Finally, FNY Investment Advisers LLC boosted its stake in Oracle by 168.7% in the second quarter. FNY Investment Advisers LLC now owns 403 shares of the enterprise software provider’s stock valued at $47,000 after acquiring an additional 253 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 0.7 %

NYSE:ORCL traded up $0.76 on Monday, reaching $116.12. The company’s stock had a trading volume of 1,444,061 shares, compared to its average volume of 8,853,726. Oracle Co. has a 1-year low of $78.06 and a 1-year high of $127.54. The business’s 50-day moving average price is $108.95 and its two-hundred day moving average price is $111.75. The firm has a market cap of $318.10 billion, a PE ratio of 34.33, a PEG ratio of 2.92 and a beta of 1.03. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.87 and a current ratio of 0.87.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The firm had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 4.48 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s dividend payout ratio (DPR) is presently 47.62%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ORCL shares. JPMorgan Chase & Co. downgraded Oracle from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $112.00 to $100.00 in a report on Wednesday, September 13th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Piper Sandler reiterated an “overweight” rating and set a $130.00 price objective on shares of Oracle in a research report on Friday, September 22nd. Morgan Stanley upped their target price on Oracle from $106.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Citigroup upped their price objective on Oracle from $121.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, September 11th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.23.

Insider Transactions at Oracle

In other Oracle news, Director George H. Conrades sold 2,325 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at $2,029,023.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 42.80% of the company’s stock.

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.