Diametric Capital LP Makes New $244,000 Investment in Oracle Co. (NYSE:ORCL)

Diametric Capital LP acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,467 shares of the enterprise software provider’s stock, valued at approximately $244,000.

A number of other large investors have also modified their holdings of ORCL. Geode Capital Management LLC raised its stake in shares of Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after buying an additional 619,619 shares in the last quarter. StoneX Group Inc. acquired a new position in Oracle in the fourth quarter worth about $1,768,000. Nemes Rush Group LLC lifted its stake in Oracle by 11.7% during the fourth quarter. Nemes Rush Group LLC now owns 20,357 shares of the enterprise software provider’s stock worth $3,392,000 after purchasing an additional 2,140 shares during the period. Tradewinds LLC. acquired a new stake in Oracle during the fourth quarter valued at approximately $251,000. Finally, Gibson Capital LLC grew its stake in shares of Oracle by 4.7% in the 4th quarter. Gibson Capital LLC now owns 2,320 shares of the enterprise software provider’s stock valued at $387,000 after purchasing an additional 105 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL opened at $142.05 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $397.32 billion, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The stock’s 50-day moving average price is $162.91 and its two-hundred day moving average price is $170.02. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. On average, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Insider Transactions at Oracle

In other Oracle 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 transaction 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 $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Piper Sandler cut their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets reduced their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.65.

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.