Sonora Investment Management Group LLC Grows Stock Position in Oracle Co. (NYSE:ORCL)

Sonora Investment Management Group LLC increased its position in Oracle Co. (NYSE:ORCL - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,584 shares of the enterprise software provider's stock after acquiring an additional 4,098 shares during the period. Oracle makes up 2.3% of Sonora Investment Management Group LLC's portfolio, making the stock its 5th biggest position. Sonora Investment Management Group LLC's holdings in Oracle were worth $30,259,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. boosted 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 valued at $411,748,000 after purchasing an additional 121,874 shares during the period. RMR Wealth Builders grew its position in Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after purchasing an additional 32,718 shares during the period. Crews Bank & Trust acquired a new position in Oracle in the 4th quarter valued at approximately $1,800,000. Finally, Chase Investment Counsel Corp bought a new stake in shares of Oracle in the 3rd quarter worth approximately $4,160,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Guggenheim raised their target price on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald initiated coverage on Oracle in a research report on Friday, January 17th. They set an "overweight" rating and a $214.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business's 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by company insiders.

Oracle Stock Down 0.9 %

ORCL traded down $1.46 during trading on Monday, reaching $168.60. 8,221,592 shares of the stock were exchanged, compared to its average volume of 14,607,355. 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 $171.89 and its two-hundred day moving average price is $163.58. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a market cap of $471.57 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is 39.12%.

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.