Golden State Equity Partners Buys 3,048 Shares of Oracle Co. (NYSE:ORCL)

Golden State Equity Partners lifted its position in shares of Oracle Co. (NYSE:ORCL) by 26.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,544 shares of the enterprise software provider’s stock after purchasing an additional 3,048 shares during the quarter. Golden State Equity Partners’ holdings in Oracle were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ORCL. Wellington Management Group LLP boosted its stake in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. boosted its stake in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. DNB Asset Management AS boosted its stake in Oracle by 313.4% in the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after buying an additional 1,339,311 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Oracle by 26,602.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after purchasing an additional 1,254,833 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Oracle by 35.2% in the third quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after purchasing an additional 825,030 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 2.0 %

ORCL stock opened at $117.21 on Friday. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. The business has a 50-day moving average of $119.42 and a 200-day moving average of $113.13. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Company 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.