Proem Advisors LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Proem Advisors LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the enterprise software provider’s stock, valued at approximately $6,666,000. Oracle comprises 1.8% of Proem Advisors LLC’s holdings, making the stock its 8th biggest holding.

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

Oracle Trading Down 6.0 %

ORCL opened at $137.04 on Friday. 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 company’s 50 day simple moving average is $161.16 and its two-hundred day simple moving average is $169.62. The firm has a market capitalization of $383.30 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Guggenheim reissued a “buy” rating and set a $220.00 price target on shares of Oracle in a research report on Thursday. Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Piper Sandler cut their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.65.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The stock was 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 owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

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.