Peak Financial Advisors LLC Invests $3.32 Million in Oracle Corporation $ORCL

Peak Financial Advisors LLC bought a new stake in Oracle Corporation (NYSE:ORCL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,820 shares of the enterprise software provider’s stock, valued at approximately $3,324,000. Oracle accounts for about 1.6% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the period. Humankind Investments LLC grew its position in Oracle by 9.0% during the 1st quarter. Humankind Investments LLC now owns 1,532 shares of the enterprise software provider’s stock worth $214,000 after purchasing an additional 126 shares during the last quarter. Level Four Advisory Services LLC increased its stake in Oracle by 19.8% in the first quarter. Level Four Advisory Services LLC now owns 19,723 shares of the enterprise software provider’s stock valued at $2,758,000 after purchasing an additional 3,261 shares during the period. Finally, Candriam S.C.A. raised its holdings in shares of Oracle by 3.9% in the first quarter. Candriam S.C.A. now owns 118,388 shares of the enterprise software provider’s stock valued at $16,552,000 after buying an additional 4,415 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the transaction, the executive vice president directly owned 18,429 shares of the company’s stock, valued at approximately $5,528,700. This represents a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 155,190 shares of company stock valued at $45,279,001 in the last ninety days. Company insiders own 40.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ORCL shares. JMP Securities reissued a “market outperform” rating and set a $342.00 price target on shares of Oracle in a report on Friday, October 17th. Piper Sandler lowered their target price on Oracle from $380.00 to $290.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Cantor Fitzgerald dropped their target price on Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Evercore ISI increased their price target on Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Berenberg Bank lifted their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $302.92.

Oracle Trading Up 0.8%

Shares of ORCL stock opened at $179.93 on Friday. The business’s fifty day moving average price is $236.98 and its 200 day moving average price is $241.38. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The firm has a market capitalization of $516.97 billion, a PE ratio of 33.82, a P/E/G ratio of 1.61 and a beta of 1.66. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $16.19 billion. During the same quarter last year, the company earned $1.47 earnings per share. Oracle’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued 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 yield of 1.1%. Oracle’s payout ratio is currently 37.59%.

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.