Oracle Co. (NYSE:ORCL) Holdings Raised by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 28.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,221 shares of the enterprise software provider’s stock after buying an additional 1,371 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Oracle were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. DNB Asset Management AS lifted its holdings in Oracle by 313.4% during the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after purchasing an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Oracle by 26,602.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after purchasing an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Oracle by 35.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock valued at $331,221,000 after purchasing an additional 825,030 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.3 %

ORCL traded up $0.30 during trading on Wednesday, reaching $115.39. The company had a trading volume of 5,787,354 shares, compared to its average volume of 8,500,789. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The business’s fifty day moving average price is $119.26 and its 200 day moving average price is $113.05. The company has a market cap of $317.15 billion, a P/E ratio of 30.45, a PEG ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ORCL shares. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Piper Sandler dropped their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.

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.