Oracle Co. (NYSE:ORCL) Position Raised by Rinkey Investments

Rinkey Investments boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 115.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,872 shares of the enterprise software provider's stock after acquiring an additional 2,615 shares during the quarter. Rinkey Investments' holdings in Oracle were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Requisite Capital Management LLC raised its position in shares of Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares during the period. McLean Asset Management Corp grew its stake in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after buying an additional 61 shares during the period. Warther Private Wealth LLC increased its stake in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after acquiring an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC increased its position in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after acquiring an additional 64 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ORCL shares. Barclays cut their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Piper Sandler restated a "neutral" rating and set a $130.00 price target (down previously from $190.00) on shares of Oracle in a research report on Wednesday. KeyCorp reissued an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. JMP Securities restated a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Guggenheim reissued a "buy" rating and set a $220.00 target price on shares of Oracle in a research note on Thursday, April 3rd. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Price Performance

Shares of ORCL traded up $0.99 during trading hours on Friday, hitting $138.50. 5,471,756 shares of the stock were exchanged, compared to its average volume of 9,373,581. Oracle Co. has a 12-month low of $113.65 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. The stock's 50-day moving average price is $146.54 and its two-hundred day moving average price is $164.85. The company has a market cap of $387.38 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company earned $1.41 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts expect 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 was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

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.