Naviter Wealth LLC Purchases 3,562 Shares of Oracle Co. (NYSE:ORCL)

Naviter Wealth LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,763 shares of the enterprise software provider's stock after buying an additional 3,562 shares during the quarter. Naviter Wealth LLC's holdings in Oracle were worth $1,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. R Squared Ltd bought a new position in Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC lifted its stake 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 purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% during the fourth 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 bought a new position in Oracle during the fourth quarter worth $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Oracle stock traded up $4.95 during midday trading on Friday, hitting $155.89. The company's stock had a trading volume of 12,628,662 shares, compared to its average volume of 11,632,912. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock's 50-day moving average price is $167.63 and its 200-day moving average price is $169.51. Oracle Co. has a 12 month low of $111.18 and a 12 month high of $198.31. The company has a market capitalization of $436.01 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors 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 yield of 1.03%. Oracle's dividend payout ratio is currently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated 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 transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Morgan Stanley boosted their price target 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. Finally, KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average price target of $182.73.

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.