Atomi Financial Group Inc. Purchases 2,324 Shares of Oracle Co. (NYSE:ORCL)

Atomi Financial Group Inc. boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,903 shares of the enterprise software provider's stock after acquiring an additional 2,324 shares during the quarter. Atomi Financial Group Inc.'s holdings in Oracle were worth $2,817,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ORCL. Activest Wealth Management grew its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after buying an additional 56 shares during the last quarter. Second Line Capital LLC increased its position in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank raised its stake in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after purchasing an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC boosted its stake in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after purchasing an additional 64 shares during the last quarter. Finally, W Advisors LLC grew its holdings in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock worth $368,000 after buying an additional 64 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ORCL. JMP Securities reiterated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Oracle in a report on Friday. They set an "overweight" rating and a $214.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Finally, Morgan Stanley raised their price target 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Up 7.3 %

NYSE:ORCL traded up $11.79 during trading hours on Tuesday, reaching $172.82. The company's stock had a trading volume of 28,607,469 shares, compared to its average volume of 10,275,632. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $483.37 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The business's 50-day moving average is $174.87 and its 200-day moving average is $161.70. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is presently 39.12%.

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.