Oracle Co. (NYSE:ORCL) Shares Bought by Selway Asset Management

Selway Asset Management lifted its stake in Oracle Co. (NYSE:ORCL) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,775 shares of the enterprise software provider’s stock after buying an additional 200 shares during the period. Oracle makes up approximately 2.5% of Selway Asset Management’s investment portfolio, making the stock its 10th biggest position. Selway Asset Management’s holdings in Oracle were worth $6,461,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Oracle during the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Evercore ISI dropped their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Citigroup dropped their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Piper Sandler decreased their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, KeyCorp reissued an “overweight” rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $178.65.

Oracle Stock Up 2.8 %

Shares of NYSE:ORCL opened at $145.96 on Thursday. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50-day moving average is $162.14 and its 200-day moving average is $169.85. The company has a market capitalization of $408.24 billion, a price-to-earnings ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during 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%. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’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 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 ownership of the stock. The sale 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.

Oracle 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.