Oracle Co. (NYSE:ORCL) Shares Purchased by RDA Financial Network

RDA Financial Network raised its stake in Oracle Co. (NYSE:ORCL - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,446 shares of the enterprise software provider's stock after acquiring an additional 1,739 shares during the period. Oracle accounts for approximately 0.9% of RDA Financial Network's portfolio, making the stock its 27th largest position. RDA Financial Network's holdings in Oracle were worth $2,859,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $34,000. TFC Financial Management Inc. grew its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 in the last three months. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 1.8%

ORCL opened at $174.22 on Friday. The firm has a market cap of $487.29 billion, a P/E ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. The business's fifty day simple moving average is $147.20 and its 200 day simple moving average is $160.46. Oracle Co. has a 52 week low of $118.86 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 issued its quarterly 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). 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%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business 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. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler reiterated 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. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. BMO Capital Markets lowered their target price on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Finally, Barclays cut their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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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