Nwam LLC Boosts Stake in Oracle Co. (NYSE:ORCL)

Nwam LLC lifted its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,869 shares of the enterprise software provider’s stock after buying an additional 1,719 shares during the period. Nwam LLC’s holdings in Oracle were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ORCL. LifePro Asset Management lifted its stake in Oracle by 2.8% during the third quarter. LifePro Asset Management now owns 4,388 shares of the enterprise software provider’s stock worth $382,000 after purchasing an additional 118 shares during the last quarter. Liberty Wealth Management LLC lifted its stake in Oracle by 0.5% during the third quarter. Liberty Wealth Management LLC now owns 22,543 shares of the enterprise software provider’s stock worth $1,964,000 after purchasing an additional 121 shares during the last quarter. Forte Capital LLC ADV lifted its stake in Oracle by 1.9% in the fourth quarter. Forte Capital LLC ADV now owns 6,526 shares of the enterprise software provider’s stock valued at $569,000 after buying an additional 122 shares during the last quarter. PFG Advisors lifted its stake in Oracle by 3.3% in the fourth quarter. PFG Advisors now owns 3,900 shares of the enterprise software provider’s stock valued at $340,000 after buying an additional 123 shares during the last quarter. Finally, Keel Point LLC lifted its stake in Oracle by 4.9% in the fourth quarter. Keel Point LLC now owns 2,717 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 126 shares during the last quarter. 42.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Renee Jo James sold 6,000 shares of Oracle stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the transaction, the director now owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.40% of the company’s stock.

A number of equities research analysts have issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Oracle in a research note on Wednesday, March 9th. BMO Capital Markets cut their target price on Oracle from $115.00 to $92.00 and set a “market perform” rating on the stock in a research note on Friday, March 11th. Piper Sandler cut Oracle from a “neutral” rating to an “underweight” rating and cut their target price for the company from $100.00 to $70.00 in a research note on Friday, March 11th. Wolfe Research lowered their price target on Oracle from $105.00 to $83.00 in a report on Friday, March 11th. Finally, Barclays set a $82.00 price target on Oracle in a report on Friday, March 11th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $93.09.

NYSE:ORCL opened at $69.71 on Tuesday. The business’s 50-day moving average price is $78.17 and its 200 day moving average price is $84.02. The firm has a market cap of $186.00 billion, a P/E ratio of 26.71, a PEG ratio of 2.22 and a beta of 0.87. Oracle Co. has a 52-week low of $68.97 and a 52-week high of $106.34.

Oracle (NYSE:ORCLGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The enterprise software provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.06). The company had revenue of $10.51 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts anticipate that Oracle Co. will post 4.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Investors of record on Friday, April 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $1.28 dividend on an annualized basis and a yield of 1.84%. Oracle’s dividend payout ratio is currently 49.04%.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

Featured Stories

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLGet Rating).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.