HF Advisory Group LLC Has $902,000 Holdings in Oracle Co. (NYSE:ORCL)

HF Advisory Group LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 43.6% during the 4th quarter, HoldingsChannel reports. The fund owned 8,554 shares of the enterprise software provider’s stock after buying an additional 2,596 shares during the period. HF Advisory Group LLC’s holdings in Oracle were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in Oracle by 298.4% in the third 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 acquired a new position in Oracle in the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC grew its holdings in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its stake 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 valued at $39,000 after purchasing an additional 216 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock traded down $0.95 during trading on Thursday, reaching $117.72. 1,075,142 shares of the company were exchanged, compared to its average volume of 8,520,322. The company has a market capitalization of $323.55 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.33 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 company has a 50-day moving average of $119.28 and a two-hundred day moving average of $112.78. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now 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 SEC, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORCL. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Piper Sandler cut their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $130.76.

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.