BIP Wealth LLC Acquires 123 Shares of Oracle Co. (NYSE:ORCL)

BIP Wealth LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,369 shares of the enterprise software provider’s stock after purchasing an additional 123 shares during the quarter. BIP Wealth LLC’s holdings in Oracle were worth $672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Oracle by 313.4% in the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock worth $186,255,000 after acquiring an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Oracle by 26,602.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after acquiring an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Oracle by 35.2% in the third quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after acquiring an additional 825,030 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on 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 owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.80% of the stock is owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL traded down $0.81 during midday trading on Thursday, hitting $114.53. The stock had a trading volume of 2,441,442 shares, compared to its average volume of 8,422,470. The company has a market capitalization of $314.79 billion, a PE ratio of 30.45, a P/E/G ratio of 2.31 and a beta of 1.01. The stock has a 50 day simple moving average of $119.26 and a 200-day simple moving average of $113.05. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.40%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. 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 note on Wednesday, March 13th. Piper Sandler dropped their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. BMO Capital Markets lifted their price target 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. Finally, KeyCorp began coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.76.

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.