Oracle Co. (NYSE:ORCL) Shares Acquired by Spring Capital Management LLC

Spring Capital Management LLC lifted its position in Oracle Co. (NYSE:ORCL) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,649 shares of the enterprise software provider’s stock after acquiring an additional 815 shares during the period. Oracle accounts for approximately 6.1% of Spring Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Spring Capital Management LLC’s holdings in Oracle were worth $10,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle in the third quarter valued at $44,000. Avondale Wealth Management acquired a new stake in Oracle during the 3rd quarter worth about $51,000. Friedenthal Financial purchased a new position in shares of Oracle during the 3rd quarter valued at about $51,000. Finally, Activest Wealth Management lifted its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ORCL shares. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Price Performance

Shares of ORCL opened at $161.05 on Friday. The company has a market cap of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50 day moving average price is $176.00 and its 200 day moving average price is $161.21.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. On average, research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

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.