2,092 Shares in Oracle Co. (NYSE:ORCL) Purchased by Keyvantage Wealth LLC

Keyvantage Wealth LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,092 shares of the enterprise software provider's stock, valued at approximately $349,000.

Other hedge funds have also recently bought and sold shares of the company. Hancock Whitney Corp boosted its position in shares of Oracle by 0.8% during the 4th quarter. Hancock Whitney Corp now owns 25,814 shares of the enterprise software provider's stock worth $4,302,000 after acquiring an additional 201 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Oracle by 7.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 64,065 shares of the enterprise software provider's stock valued at $10,676,000 after purchasing an additional 4,550 shares in the last quarter. Burling Wealth Partners LLC acquired a new position in shares of Oracle during the 4th quarter worth $2,126,000. MGO One Seven LLC boosted its stake in Oracle by 2.7% in the fourth quarter. MGO One Seven LLC now owns 75,326 shares of the enterprise software provider's stock valued at $12,552,000 after buying an additional 2,000 shares in the last quarter. Finally, Alta Advisers Ltd boosted its stake in Oracle by 20.9% in the fourth quarter. Alta Advisers Ltd now owns 5,318 shares of the enterprise software provider's stock valued at $886,000 after buying an additional 918 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

NYSE ORCL opened at $131.43 on Thursday. The firm's 50-day simple moving average is $148.08 and its two-hundred day simple moving average is $165.49. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $367.60 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. Research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 352,174 shares of company stock valued at $64,990,957. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a report on Wednesday. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Bank of America dropped their target price on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.

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