Proem Advisors LLC Acquires New Stake in Oracle Co. (NYSE:ORCL)

Proem Advisors LLC acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the enterprise software provider's stock, valued at approximately $6,666,000. Oracle accounts for about 1.8% of Proem Advisors LLC's holdings, making the stock its 8th biggest holding.

A number of other large investors have also added to or reduced their stakes in the business. Huber Capital Management LLC lifted its holdings in Oracle by 53.0% during the 4th quarter. Huber Capital Management LLC now owns 69,300 shares of the enterprise software provider's stock worth $11,548,000 after buying an additional 24,000 shares during the period. Uniting Wealth Partners LLC bought a new position in shares of Oracle during the fourth quarter worth about $227,000. Pitcairn Co. lifted its stake in shares of Oracle by 3.4% in the fourth quarter. Pitcairn Co. now owns 17,754 shares of the enterprise software provider's stock worth $2,959,000 after acquiring an additional 584 shares during the period. ExodusPoint Capital Management LP bought a new stake in Oracle in the fourth quarter valued at approximately $12,605,000. Finally, Grant Private Wealth Management Inc acquired a new stake in Oracle during the 4th quarter valued at approximately $283,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday. They issued a "buy" rating and a $195.00 price target on the stock. KeyCorp restated an "overweight" rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Cantor Fitzgerald decreased their price target on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. JMP Securities reissued a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.65.

Remove Ads

Oracle Stock Down 6.6 %

Shares of NYSE:ORCL traded down $9.06 during mid-day trading on Friday, hitting $128.17. 14,968,758 shares of the company traded hands, compared to its average volume of 9,095,138. The stock has a 50-day moving average price of $160.05 and a two-hundred day moving average price of $169.33. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The stock has a market cap of $358.48 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.56%. Oracle's dividend payout ratio (DPR) is 46.95%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of Oracle 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company's stock.

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.