Argentarii LLC Acquires New Holdings in Oracle Co. (NYSE:ORCL)

Argentarii LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,526 shares of the enterprise software provider's stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Principal Financial Group Inc. grew its holdings in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. McClarren Financial Advisors Inc. lifted its position in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after acquiring an additional 1,069 shares in the last quarter. RMR Wealth Builders lifted its position in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after acquiring an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after acquiring an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in Oracle during the 4th quarter worth approximately $1,800,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their target price on Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Evercore ISI upped their target price on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their target price on Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Remove Ads

Oracle Stock Performance

ORCL traded up $4.95 during trading on Friday, reaching $155.89. 12,628,662 shares of the company were exchanged, compared to its average volume of 11,632,912. The stock has a market cap of $436.01 billion, a P/E ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. The firm has a 50 day moving average of $167.63 and a 200 day moving average of $169.51. 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 52 week low of $111.18 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for 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%. Oracle's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Oracle's dividend payout ratio (DPR) is 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

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.