Oracle Co. (NYSE:ORCL) Stock Position Lifted by Horizon Wealth Management LLC

Horizon Wealth Management LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,595 shares of the enterprise software provider’s stock after purchasing an additional 194 shares during the quarter. Horizon Wealth Management LLC’s holdings in Oracle were worth $363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cookson Peirce & Co. Inc. grew its stake in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after purchasing an additional 60 shares in the last quarter. Warther Private Wealth LLC grew its stake in shares of Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares in the last quarter. Howard Bailey Securities LLC grew its stake in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after purchasing an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after purchasing an additional 64 shares in the last quarter. Finally, Cape ANN Savings Bank grew its stake in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.8%

Shares of Oracle stock opened at $174.22 on Friday. The stock has a 50-day moving average price of $147.20 and a 200 day moving average price of $160.67. The company has a market cap of $487.29 billion, a P/E ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 in the last three months. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORCL. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Bank of America decreased their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Piper Sandler reaffirmed a “neutral” rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Evercore ISI decreased their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their target price on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.42.

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.