AlphaStar Capital Management LLC Buys 853 Shares of Oracle Co. (NYSE:ORCL)

AlphaStar Capital Management LLC lifted its position in Oracle Co. (NYSE:ORCL) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,416 shares of the enterprise software provider’s stock after purchasing an additional 853 shares during the period. AlphaStar Capital Management LLC’s holdings in Oracle were worth $1,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Oracle in the 4th quarter worth $25,000. Winch Advisory Services LLC grew 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 purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new position in Oracle in the third quarter worth about $44,000. Synergy Asset Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at about $47,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $174.53 on Friday. The stock has a 50 day moving average of $170.42 and a two-hundred day moving average of $164.35. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The firm has a market cap of $488.15 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect 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. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Finally, Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were 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 approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

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.