GAMMA Investing LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

GAMMA Investing LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,547 shares of the enterprise software provider’s stock, valued at approximately $1,290,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Orion Capital Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its position in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.5 %

Shares of ORCL traded up $0.54 during trading hours on Tuesday, hitting $115.07. 5,491,654 shares of the stock were exchanged, compared to its average volume of 8,535,559. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $119.21 and a 200-day moving average of $113.00. The firm has a market capitalization of $316.27 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Piper Sandler cut their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.76.

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.