Interval Partners LP Takes $2.34 Million Position in Oracle Co. (NYSE:ORCL)

Interval Partners LP bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,016 shares of the enterprise software provider's stock, valued at approximately $2,336,000.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Oracle in the fourth quarter valued at $2,216,314,000. Raymond James Financial Inc. acquired a new stake in Oracle in the 4th quarter worth about $930,095,000. Vanguard Group Inc. raised its stake 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 in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares during the period. Finally, Northern Trust Corp increased its holdings in Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after buying an additional 2,176,892 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of ORCL stock traded up $0.17 during trading hours on Wednesday, hitting $162.44. 7,495,586 shares of the company's stock were exchanged, compared to its average volume of 9,438,959. The company has a market capitalization of $454.34 billion, a PE ratio of 39.72, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The business's 50 day simple moving average is $142.26 and its 200-day simple moving average is $162.76. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Oracle's payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the 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 transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. Citigroup decreased their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Piper Sandler reissued a "neutral" rating and set a $130.00 target price (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Evercore ISI reduced their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Barclays reduced their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Bank of America reduced their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle 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.