Edge Capital Group LLC Purchases 72 Shares of Oracle Co. (NYSE:ORCL)

Edge Capital Group LLC lifted its position in Oracle Co. (NYSE:ORCL) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,165 shares of the enterprise software provider’s stock after acquiring an additional 72 shares during the quarter. Edge Capital Group LLC’s holdings in Oracle were worth $5,693,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. TFC Financial Management Inc. increased its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the period. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter worth about $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the 4th quarter worth about $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value 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. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a research report on Monday, February 10th. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of NYSE ORCL opened at $167.92 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $469.66 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. The company has a 50 day simple moving average of $168.99 and a two-hundred day simple moving average of $167.58. Oracle Co. has a 12 month low of $109.66 and a 12 month high of $198.31.

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

Oracle Announces Dividend

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

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.