Napa Wealth Management Acquires Shares of 5,776 Oracle Co. (NYSE:ORCL)

Napa Wealth Management acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,776 shares of the enterprise software provider's stock, valued at approximately $962,000.

A number of other hedge funds also recently bought and sold shares of the business. Requisite Capital Management LLC raised its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the last quarter. McLean Asset Management Corp increased its holdings in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after buying an additional 61 shares during the last quarter. Warther Private Wealth LLC increased its holdings in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC increased its holdings in shares of Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. 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. Piper Sandler restated a "neutral" rating and set a $130.00 price target (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. DA Davidson cut their price target on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, KeyCorp restated an "overweight" rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. 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 has an average rating of "Moderate Buy" and an average target price of $174.42.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL opened at $157.18 on Tuesday. The company has a fifty day simple moving average of $142.02 and a two-hundred day simple moving average of $162.76. The company has a market cap of $439.62 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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 Co. has a 52 week low of $114.55 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 during 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 business's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. Oracle's payout ratio is 46.95%.

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.

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