Oracle Co. (NYSE:ORCL) Shares Acquired by Blue Barn Wealth LLC

Blue Barn Wealth LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 14.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,620 shares of the enterprise software provider’s stock after purchasing an additional 579 shares during the quarter. Blue Barn Wealth LLC’s holdings in Oracle were worth $770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Oracle during the 4th quarter worth about $930,095,000. Franklin Resources Inc. boosted its stake in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. State Street Corp increased its position in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Oracle by 3,805.0% in the 4th quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock valued at $161,069,000 after acquiring an additional 941,819 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after acquiring an additional 891,842 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $161.75 on Thursday. The firm has a fifty day moving average price of $168.31 and a 200 day moving average price of $169.10. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $110.67 and a 1-year high of $198.31. The stock has a market cap of $452.39 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm 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 company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday. Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by insiders.

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.