Morey & Quinn Wealth Partners LLC Buys Shares of 4,139 Oracle Co. (NYSE:ORCL)

Morey & Quinn Wealth Partners LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,139 shares of the enterprise software provider's stock, valued at approximately $690,000.

A number of other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its stake in Oracle by 89.7% in the fourth 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. Synergy Investment Management LLC purchased a new stake in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. boosted its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 42.20% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on ORCL. Citigroup dropped their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. BMO Capital Markets lowered their price target on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Piper Sandler cut their price objective on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Barclays decreased their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.20.

Oracle Price Performance

Shares of Oracle stock traded down $5.03 during trading hours on Friday, reaching $140.75. 13,138,087 shares of the company's stock were exchanged, compared to its average volume of 8,963,386. The business has a fifty day moving average of $163.94 and a two-hundred day moving average of $170.22. The company has a market capitalization of $393.67 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm's revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 46.95%.

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.