Stratos Investment Management LLC Buys 703 Shares of Oracle Co. (NYSE:ORCL)

Stratos Investment Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,011 shares of the enterprise software provider’s stock after purchasing an additional 703 shares during the period. Stratos Investment Management LLC’s holdings in Oracle were worth $1,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its position in shares of 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 buying an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter valued at about $44,000. Synergy Asset Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $47,000. Finally, Avondale Wealth Management purchased a new stake in shares of Oracle during the 3rd quarter valued at about $51,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 0.4 %

Shares of Oracle stock opened at $167.98 on Wednesday. The firm has a 50-day simple moving average of $171.50 and a two-hundred day simple moving average of $163.79. The company has a market cap of $469.83 billion, a P/E ratio of 41.07, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ORCL. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.