Syon Capital LLC Acquires 7,777 Shares of Oracle Co. (NYSE:ORCL)

Syon Capital LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,038 shares of the enterprise software provider’s stock after buying an additional 7,777 shares during the period. Syon Capital LLC’s holdings in Oracle were worth $2,745,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ORCL. Contour Asset Management LLC boosted its position in Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after buying an additional 643,490 shares during the period. Sandy Spring Bank boosted its position in Oracle by 1.4% in the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after buying an additional 1,107 shares during the period. Hancock Whitney Corp boosted its position in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the period. LVM Capital Management Ltd. MI lifted its position in shares of Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares during the period. Finally, Heritage Wealth Advisors raised its stake in shares of Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after acquiring an additional 109 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $1.72 during midday trading on Friday, reaching $138.13. The company’s stock had a trading volume of 11,330,789 shares, compared to its average volume of 9,730,886. The stock has a fifty day moving average of $121.04 and a 200 day moving average of $116.13. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $142.40. The firm has a market capitalization of $379.65 billion, a PE ratio of 37.23, a P/E/G ratio of 2.47 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the company posted $1.35 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

Several research analysts recently commented on ORCL shares. Citigroup reduced their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Finally, Piper Sandler boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.50.

Insider Buying and Selling

In related news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 880,000 shares of company stock valued at $110,488,150. Corporate insiders own 42.80% of the company’s stock.

About Oracle

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.