Corundum Group Inc. Purchases 6,167 Shares of Oracle Co. (NYSE:ORCL)

Corundum Group Inc. lifted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,868 shares of the enterprise software provider's stock after purchasing an additional 6,167 shares during the quarter. Oracle accounts for approximately 0.9% of Corundum Group Inc.'s investment portfolio, making the stock its 27th biggest holding. Corundum Group Inc.'s holdings in Oracle were worth $2,478,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle in the third quarter valued at $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the 3rd quarter valued at about $51,000. Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter worth about $51,000. Finally, Activest Wealth Management raised its holdings in shares of Oracle by 21.9% in the 3rd 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. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL stock traded up $1.51 during midday trading on Monday, reaching $161.05. 11,593,649 shares of the stock were exchanged, compared to its average volume of 5,912,798. 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 market capitalization of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a fifty day moving average price of $175.44 and a 200 day moving average price of $161.58.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 the consensus estimate of $14.12 billion. During the same quarter last year, the business earned $1.34 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle's payout ratio is presently 39.12%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ORCL shares. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 10th. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $182.73.

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.