Oracle Corporation $ORCL Shares Acquired by Mirador Capital Partners LP

Mirador Capital Partners LP raised its stake in Oracle Corporation (NYSE:ORCL) by 58.5% during the third quarter, Holdings Channel.com reports. The firm owned 12,607 shares of the enterprise software provider’s stock after purchasing an additional 4,651 shares during the quarter. Mirador Capital Partners LP’s holdings in Oracle were worth $3,546,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Snider Financial Group increased its position in shares of Oracle by 1.3% in the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after purchasing an additional 40 shares during the last quarter. SNS Financial Group LLC increased its holdings in Oracle by 0.9% in the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after buying an additional 42 shares during the last quarter. PKS Advisory Services LLC raised its stake in Oracle by 1.9% in the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after buying an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. boosted its position in shares of Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after acquiring an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC increased its holdings in shares of Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 155,190 shares of company stock worth $45,279,001. Insiders own 40.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Piper Sandler lowered their price target on Oracle from $380.00 to $290.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Rothschild Redb upgraded shares of Oracle to a “strong sell” rating in a report on Thursday, September 25th. Stephens lifted their price target on shares of Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Redburn Partners set a $175.00 price objective on shares of Oracle in a research note on Thursday, September 25th. Finally, BNP Paribas set a $377.00 target price on shares of Oracle in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $302.92.

Oracle Stock Up 1.9%

Shares of NYSE:ORCL opened at $188.52 on Wednesday. The company has a market cap of $541.65 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.69 and a beta of 1.66. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm’s 50-day simple moving average is $241.52 and its 200-day simple moving average is $242.25. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s dividend payout ratio is 37.59%.

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.