Atria Wealth Solutions Inc. Raises Holdings in Oracle Co. (NYSE:ORCL)

Atria Wealth Solutions Inc. increased its position in Oracle Co. (NYSE:ORCL) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,566 shares of the enterprise software provider’s stock after buying an additional 2,815 shares during the period. Atria Wealth Solutions Inc.’s holdings in Oracle were worth $7,651,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Strategic Blueprint LLC raised its position in Oracle by 5.1% in the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock valued at $432,000 after purchasing an additional 197 shares during the period. Galvin Gaustad & Stein LLC grew its stake in shares of Oracle by 5.7% during the third quarter. Galvin Gaustad & Stein LLC now owns 2,376 shares of the enterprise software provider’s stock valued at $252,000 after acquiring an additional 128 shares in the last quarter. WASHINGTON TRUST Co grew its stake in shares of Oracle by 1.6% during the third quarter. WASHINGTON TRUST Co now owns 17,816 shares of the enterprise software provider’s stock valued at $1,887,000 after acquiring an additional 279 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Oracle by 1.5% during the third quarter. Handelsbanken Fonder AB now owns 505,531 shares of the enterprise software provider’s stock valued at $53,546,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Harrington Investments INC grew its stake in shares of Oracle by 3.1% during the third quarter. Harrington Investments INC now owns 35,719 shares of the enterprise software provider’s stock valued at $3,783,000 after acquiring an additional 1,072 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Piper Sandler dropped their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Finally, HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

NYSE:ORCL traded up $3.12 during trading hours on Friday, hitting $118.01. 1,316,753 shares of the company were exchanged, compared to its average volume of 8,383,273. The company’s 50 day moving average price is $119.30 and its 200-day moving average price is $113.06. The stock has a market capitalization of $324.35 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.31 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. As a group, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.80% of the stock is currently owned by insiders.

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.