GAMMA Investing LLC Acquires Shares of 11,547 Oracle Co. (NYSE:ORCL)

GAMMA Investing LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,547 shares of the enterprise software provider’s stock, valued at approximately $1,290,000.

Several other large investors also recently modified their holdings of ORCL. Orion Capital Management LLC purchased a new position in Oracle during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC lifted its position in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its position in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of ORCL stock traded up $0.54 during trading hours on Tuesday, reaching $115.07. The company had a trading volume of 5,491,654 shares, compared to its average volume of 8,535,559. The business has a fifty day moving average price of $119.21 and a 200-day moving average price of $113.00. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The firm has a market cap of $316.27 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.39%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Piper Sandler dropped their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. BMO Capital Markets raised their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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 business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction 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 accessible through this link. 42.80% of the stock is currently owned by company 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.