Deroy & Devereaux Private Investment Counsel Inc. Has $32.38 Million Stake in Oracle Co. (NYSE:ORCL)

Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,319 shares of the enterprise software provider's stock after purchasing an additional 2,367 shares during the quarter. Oracle accounts for 1.9% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 14th largest position. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Oracle were worth $32,381,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% during the 4th 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 in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter worth approximately $44,000. Synergy Asset Management LLC purchased a new stake in Oracle during the fourth quarter worth approximately $47,000. Finally, Avondale Wealth Management purchased a new position in Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction on 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 approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Up 2.1 %

ORCL traded up $3.46 during trading on Wednesday, reaching $171.35. The company had a trading volume of 4,153,783 shares, compared to its average volume of 13,807,170. The business's fifty day moving average price is $171.05 and its 200 day moving average price is $164.00. 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 Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market cap of $479.26 billion, a P/E ratio of 41.93, a PEG ratio of 3.35 and a beta of 1.05.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued 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 0.93%. Oracle's payout ratio is 39.12%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Morgan Stanley lifted their target price on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. Citigroup raised their price target on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average price target 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.