Quantum Private Wealth LLC Buys 325 Shares of Oracle Co. (NYSE:ORCL)

Quantum Private Wealth LLC grew its stake in Oracle Co. (NYSE:ORCL) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,486 shares of the enterprise software provider’s stock after purchasing an additional 325 shares during the quarter. Quantum Private Wealth LLC’s holdings in Oracle were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Sandy Spring Bank lifted its position in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI boosted its position in Oracle by 3.5% in the fourth 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 last quarter. Cooper Financial Group boosted its position in Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $171,000. Finally, Cerity Partners LLC boosted its holdings in shares of Oracle by 208.2% in the 4th quarter. Cerity Partners LLC now owns 885,056 shares of the enterprise software provider’s stock worth $93,311,000 after buying an additional 597,846 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL traded up $0.74 during trading on Wednesday, reaching $120.62. The company’s stock had a trading volume of 6,999,959 shares, compared to its average volume of 6,801,563. The stock has a market capitalization of $331.52 billion, a PE ratio of 31.83, a P/E/G ratio of 2.32 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. The firm has a fifty day moving average of $119.25 and a 200 day moving average of $112.73. Oracle Co. has a one year low of $93.29 and a one year high of $132.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating 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 business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the firm posted $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Piper Sandler dropped 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. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC boosted their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Buying and Selling 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 stock was 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 owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.