Oracle Co. (NYSE:ORCL) Shares Bought by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group raised its stake in Oracle Co. (NYSE:ORCL) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,851 shares of the enterprise software provider’s stock after purchasing an additional 988 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Oracle were worth $722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sandy Spring Bank lifted its holdings in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after acquiring an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI increased its stake in Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares during the period. Quantum Private Wealth LLC purchased a new stake in Oracle during the 3rd quarter worth $229,000. Cooper Financial Group increased its stake in Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares during the period. Finally, Mendota Financial Group LLC purchased a new stake in Oracle during the 4th quarter worth $171,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORCL shares. Piper Sandler dropped their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Erste Group Bank reissued a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

NYSE:ORCL traded down $2.50 during mid-day trading on Thursday, reaching $116.17. 3,510,174 shares of the stock were exchanged, compared to its average volume of 8,555,161. The business has a fifty day moving average price of $119.28 and a 200 day moving average price of $112.78. The firm has a market capitalization of $319.29 billion, a PE ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

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.