Oracle Co. (NYSE:ORCL) Stock Holdings Increased by Inscription Capital LLC

by · The Cerbat Gem

Inscription Capital LLC lifted its stake in Oracle Co. (NYSE:ORCL – Free Report) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,618 shares of the enterprise software provider’s stock after purchasing an additional 179 shares during the quarter. Inscription Capital LLC’s holdings in Oracle were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Trilogy Capital Inc. bought a new position in Oracle during the first quarter valued at approximately $247,000. LVW Advisors LLC bought a new position in Oracle during the first quarter valued at approximately $246,000. Aviance Capital Partners LLC raised its position in Oracle by 22.8% during the first quarter. Aviance Capital Partners LLC now owns 6,537 shares of the enterprise software provider’s stock valued at $821,000 after acquiring an additional 1,215 shares in the last quarter. Miracle Mile Advisors LLC raised its position in Oracle by 1.9% during the first quarter. Miracle Mile Advisors LLC now owns 14,364 shares of the enterprise software provider’s stock valued at $1,804,000 after acquiring an additional 271 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its position in Oracle by 2.6% during the first quarter. Congress Wealth Management LLC DE now owns 104,021 shares of the enterprise software provider’s stock valued at $13,066,000 after acquiring an additional 2,640 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL traded down $0.88 during trading on Monday, reaching $172.64. 486,313 shares of the company’s stock were exchanged, compared to its average volume of 8,323,060. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a 50 day moving average price of $160.15 and a 200 day moving average price of $140.45. The company has a market capitalization of $475.77 billion, a P/E ratio of 46.77, a PEG ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s payout ratio is presently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ORCL. Piper Sandler raised their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. DA Davidson increased their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Citigroup increased their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Finally, JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

View Our Latest Stock Report on Oracle

Oracle Company Profile

(Free Report)

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.

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