Focus Partners Advisor Solutions LLC Grows Position in Oracle Co. (NYSE:ORCL)

Focus Partners Advisor Solutions LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 44.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,756 shares of the enterprise software provider's stock after buying an additional 13,983 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Oracle were worth $7,625,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in Oracle in the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new position in shares of Oracle in the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new position in Oracle in the fourth quarter worth about $34,000. TFC Financial Management Inc. lifted its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter worth $36,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last quarter. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Shares of Oracle stock opened at $160.05 on Wednesday. The firm's 50 day moving average is $143.33 and its two-hundred day moving average is $162.36. The firm has a market capitalization of $447.65 billion, a P/E ratio of 39.13, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. 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 posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 earnings per share. Research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost 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%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. BMO Capital Markets lowered their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price (down from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Finally, Citigroup cut their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

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.

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