Ashton Thomas Private Wealth LLC Acquires 2,791 Shares of Oracle Co. (NYSE:ORCL)

Ashton Thomas Private Wealth LLC lifted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,411 shares of the enterprise software provider's stock after buying an additional 2,791 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Oracle were worth $3,735,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Callan Family Office LLC increased its stake in shares of Oracle by 465.4% in the 4th quarter. Callan Family Office LLC now owns 25,493 shares of the enterprise software provider's stock valued at $4,248,000 after acquiring an additional 20,984 shares in the last quarter. EagleClaw Capital Managment LLC grew its holdings in Oracle by 1.1% in the fourth quarter. EagleClaw Capital Managment LLC now owns 53,522 shares of the enterprise software provider's stock worth $8,919,000 after purchasing an additional 575 shares during the period. E Fund Management Co. Ltd. increased its stake in Oracle by 48.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 47,418 shares of the enterprise software provider's stock valued at $7,902,000 after purchasing an additional 15,438 shares in the last quarter. Candriam S.C.A. boosted its position in shares of Oracle by 6.9% during the 4th quarter. Candriam S.C.A. now owns 113,973 shares of the enterprise software provider's stock worth $18,992,000 after purchasing an additional 7,397 shares in the last quarter. Finally, Schrum Private Wealth Management LLC boosted its position in shares of Oracle by 9.2% during the 4th quarter. Schrum Private Wealth Management LLC now owns 7,098 shares of the enterprise software provider's stock worth $1,183,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

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Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Guggenheim reaffirmed a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Wednesday. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, Mizuho raised their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Price Performance

NYSE ORCL traded up $4.95 during trading hours on Friday, reaching $155.89. 12,628,662 shares of the stock traded hands, 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 $169.30. Oracle Co. has a 1 year low of $111.18 and a 1 year high of $198.31. The company has a market cap of $436.01 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Oracle's dividend payout ratio (DPR) is 39.12%.

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.