Prospect Financial Services LLC Buys 1,495 Shares of Oracle Co. (NYSE:ORCL)

Prospect Financial Services LLC grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 119.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,750 shares of the enterprise software provider's stock after buying an additional 1,495 shares during the quarter. Prospect Financial Services LLC's holdings in Oracle were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ORCL. Norges Bank bought a new stake in Oracle during the 4th quarter worth about $2,216,314,000. Raymond James Financial Inc. bought a new stake in shares of Oracle during the fourth quarter valued at approximately $930,095,000. GAMMA Investing LLC grew its stake in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 1.8%

Shares of ORCL stock traded up $3.08 during trading on Friday, reaching $174.22. The company's stock had a trading volume of 6,828,176 shares, compared to its average volume of 9,518,389. The company has a market cap of $487.29 billion, a price-to-earnings ratio of 42.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a one year low of $118.86 and a one year high of $198.31. The business has a fifty day moving average price of $146.56 and a 200-day moving average price of $160.77. 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 the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. Oracle's payout ratio is 46.95%.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. 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 90 days. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Citigroup decreased their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley decreased their price target on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. KeyCorp reissued an "overweight" rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Bank of America cut their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler reiterated 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, April 23rd. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.