11,867 Shares in Oracle Co. (NYSE:ORCL) Acquired by Potentia Wealth

Potentia Wealth acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,867 shares of the enterprise software provider's stock, valued at approximately $1,978,000. Oracle accounts for about 0.9% of Potentia Wealth's portfolio, making the stock its 22nd largest position.

Several other institutional investors also recently modified their holdings of ORCL. R Squared Ltd acquired a new stake in Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its position in shares of 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 purchasing an additional 87 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $34,000. TFC Financial Management Inc. boosted its holdings in shares of 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 buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in Oracle in the 4th quarter valued at about $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ORCL. DA Davidson restated a "neutral" rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Piper Sandler decreased their price objective on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Bank of America decreased their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $179.20.

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Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of Oracle stock traded down $4.33 during midday trading on Friday, hitting $141.45. 3,651,084 shares of the company traded hands, compared to its average volume of 8,522,672. The firm's fifty day moving average price is $164.35 and its 200-day moving average price is $170.11. The stock has a market cap of $395.63 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. 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 posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $1.41 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.41%. Oracle's dividend payout ratio (DPR) is currently 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.