Private Advisor Group LLC Raises Position in Oracle Co. (NYSE:ORCL)

Private Advisor Group LLC lifted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,806 shares of the enterprise software provider's stock after purchasing an additional 7,679 shares during the period. Private Advisor Group LLC's holdings in Oracle were worth $20,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders raised its stake in Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock valued at $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Oracle in the 4th quarter valued at about $1,800,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 4.5 %

Shares of Oracle stock traded down $8.00 during trading on Friday, hitting $168.00. 6,726,540 shares of the stock were exchanged, compared to its average volume of 12,023,672. The stock has a market cap of $469.88 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The firm's 50-day moving average price is $169.10 and its 200 day moving average price is $166.74. Oracle Co. has a 12-month low of $109.66 and a 12-month high of $198.31. 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 (NYSE:ORCL - Get Free Report) last announced 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. Oracle's revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle's dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ORCL shares. Citigroup increased their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were 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 directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

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.