Coordinated Financial Services Inc. Takes $317,000 Position in Oracle Co. (NYSE:ORCL)

Coordinated Financial Services Inc. purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,905 shares of the enterprise software provider's stock, valued at approximately $317,000.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its position in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC increased its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock valued at $650,000 after purchasing an additional 58 shares during the period. Cadence Bank increased its position in shares of Oracle by 0.8% during the third 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 period. Requisite Capital Management LLC increased its position in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the period. Institutional investors own 42.44% of the company's stock.

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Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. JMP Securities reiterated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Twelve 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Stock Up 3.3 %

ORCL stock traded up $4.95 during mid-day trading on Friday, reaching $155.89. The company had a trading volume of 12,628,662 shares, compared to its average volume of 11,632,912. 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 stock has a 50 day simple moving average of $167.63 and a two-hundred day simple moving average of $169.51. The company has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. 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 released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 payout ratio is 39.12%.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 of the company's stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 42.20% of the company's stock.

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.