Copperwynd Financial LLC Buys Shares of 8,701 Oracle Co. (NYSE:ORCL)

Copperwynd Financial LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,701 shares of the enterprise software provider’s stock, valued at approximately $1,450,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. R Squared Ltd acquired a new stake in Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased 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. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.2 %

NYSE ORCL opened at $149.36 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $165.80 and its 200 day simple moving average is $169.41. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a market capitalization of $417.76 billion, a P/E ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday. Piper Sandler decreased their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday. Citigroup dropped their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Twelve equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Oracle Company 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.