Principal Securities Inc. lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,841 shares of the enterprise software provider's stock after acquiring an additional 4,322 shares during the quarter. Principal Securities Inc.'s holdings in Oracle were worth $6,639,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares in the last quarter. TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $44,000. Finally, Synergy Asset Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company's stock.
A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Cantor Fitzgerald assumed coverage on shares of Oracle in a report on Friday, January 17th. They issued an "overweight" rating and a $214.00 price objective on the stock. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $182.73.
Read Our Latest Stock Analysis on Oracle
Oracle stock opened at $173.50 on Monday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a 50 day moving average of $169.33 and a two-hundred day moving average of $165.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $485.27 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05.
Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle's dividend payout ratio is currently 39.12%.
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.
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