Belpointe Asset Management LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Belpointe Asset Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,907 shares of the enterprise software provider's stock after buying an additional 3,643 shares during the period. Belpointe Asset Management LLC's holdings in Oracle were worth $5,984,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter worth $34,000. Finally, TFC Financial Management Inc. raised its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

NYSE ORCL traded up $1.98 during trading hours on Monday, hitting $134.33. The company had a trading volume of 8,208,279 shares, compared to its average volume of 9,276,268. The firm has a 50 day simple moving average of $154.50 and a 200 day simple moving average of $167.39. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The firm has a market capitalization of $375.72 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 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 firm 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 firm posted $1.41 EPS. Oracle's revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. KeyCorp reaffirmed an "overweight" rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Guggenheim reissued a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, April 3rd. Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Finally, StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.27.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,448,328 shares of company stock valued at $453,791,001. Company insiders own 42.20% of the company's stock.

Oracle 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.