MGO One Seven LLC Acquires 2,000 Shares of Oracle Co. (NYSE:ORCL)

MGO One Seven LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,326 shares of the enterprise software provider's stock after purchasing an additional 2,000 shares during the period. MGO One Seven LLC's holdings in Oracle were worth $12,552,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ORCL. Principal Financial Group Inc. raised its stake in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after acquiring an additional 121,874 shares during the period. McClarren Financial Advisors Inc. increased its holdings in shares of Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after purchasing an additional 1,069 shares during the last quarter. RMR Wealth Builders raised its position in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Oracle during the 4th quarter worth about $1,800,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ORCL. Citigroup lowered their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Piper Sandler reiterated a "neutral" rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a research note on Wednesday. BMO Capital Markets reduced their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, UBS Group reissued a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 0.7 %

Shares of ORCL traded up $0.99 during mid-day trading on Friday, reaching $138.50. 5,471,756 shares of the company were exchanged, compared to its average volume of 9,369,508. The business has a 50 day simple moving average of $146.54 and a two-hundred day simple moving average of $165.02. Oracle Co. has a 52 week low of $113.65 and a 52 week high of $198.31. The stock has a market capitalization of $387.38 billion, a PE ratio of 33.86, 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.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm posted $1.41 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

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.