NEOS Investment Management LLC Acquires 10,772 Shares of Oracle Co. (NYSE:ORCL)

NEOS Investment Management LLC grew its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,090 shares of the enterprise software provider's stock after purchasing an additional 10,772 shares during the quarter. NEOS Investment Management LLC's holdings in Oracle were worth $14,179,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ORCL. R Squared Ltd bought a new position in Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC boosted its holdings in 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 acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter worth about $34,000. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Oracle during the 4th quarter valued at about $47,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. Piper Sandler dropped their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Citigroup dropped their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Finally, BMO Capital Markets reduced their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $179.20.

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Oracle Stock Performance

NYSE ORCL traded down $5.03 on Friday, hitting $140.75. 13,138,087 shares of the stock were exchanged, compared to its average volume of 8,963,386. The company has a market capitalization of $393.67 billion, a PE ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. 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 business's fifty day moving average is $163.94 and its 200 day moving average is $170.22. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. Research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

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

Insider Activity at Oracle

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Company 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.