Ninepoint Partners LP Acquires 857 Shares of Oracle Co. (NYSE:ORCL)

Ninepoint Partners LP boosted its holdings in Oracle Co. (NYSE:ORCL) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,086 shares of the enterprise software provider’s stock after acquiring an additional 857 shares during the quarter. Ninepoint Partners LP’s holdings in Oracle were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Raymond James Financial Inc. purchased a new stake in Oracle during the 4th quarter valued at $930,095,000. Franklin Resources Inc. raised its stake in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. State Street Corp raised its stake in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Amundi raised its stake in Oracle by 15.2% during the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after buying an additional 1,623,609 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Oracle by 3,805.0% during the 4th quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock valued at $161,069,000 after buying an additional 941,819 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 1.2 %

ORCL opened at $149.36 on Friday. The firm has a 50-day simple moving average of $165.80 and a two-hundred day simple moving average of $169.63. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a market capitalization of $417.76 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the company earned $1.41 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. Piper Sandler decreased their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Citigroup reduced their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.71.

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.