Oracle Co. (NYSE:ORCL) Shares Bought by Wealth Alliance

Wealth Alliance lifted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,483 shares of the enterprise software provider's stock after purchasing an additional 2,309 shares during the period. Wealth Alliance's holdings in Oracle were worth $2,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Principal Financial Group Inc. boosted its holdings in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. boosted 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 valued at $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders boosted its position in shares of Oracle by 383.4% during the fourth 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 in the last quarter. Foundations Investment Advisors LLC raised its holdings in Oracle by 24.8% in the fourth 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 in the last quarter. Finally, Crews Bank & Trust purchased a new position in Oracle during the fourth quarter valued at $1,800,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 4.5 %

Shares of NYSE ORCL traded down $7.90 during mid-day trading on Friday, reaching $168.10. 6,874,702 shares of the company were exchanged, compared to its average volume of 12,034,413. Oracle Co. has a 1 year low of $109.66 and a 1 year high of $198.31. The firm has a 50-day moving average of $169.10 and a 200 day moving average of $166.74. The stock has a market cap of $470.18 billion, a price-to-earnings ratio of 41.07, a P/E/G ratio of 3.57 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The firm also recently announced 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 was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle's dividend payout ratio (DPR) is 39.12%.

Insider Activity at Oracle

In other Oracle 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 transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an "outperform" 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 research note on Tuesday, December 10th. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Royal Bank of Canada restated a "sector perform" rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

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.