Florida Financial Advisors LLC Grows Stock Position in Oracle Co. (NYSE:ORCL)

Florida Financial Advisors LLC boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 156.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,266 shares of the enterprise software provider's stock after purchasing an additional 1,991 shares during the quarter. Florida Financial Advisors LLC's holdings in Oracle were worth $544,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% during 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 during the last quarter. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Piper Sandler cut their target price on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Guggenheim reaffirmed a "buy" rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday, March 5th. UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Finally, JMP Securities reissued a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and an average target price of $179.20.

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Oracle Price Performance

NYSE:ORCL traded down $4.45 during trading hours on Friday, hitting $141.33. The stock had a trading volume of 4,080,895 shares, compared to its average volume of 11,744,558. The firm has a market capitalization of $395.30 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company has a 50 day simple moving average of $164.35 and a two-hundred day simple moving average of $170.11. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

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

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.