SRN Advisors LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

SRN Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 40.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,337 shares of the enterprise software provider’s stock after acquiring an additional 2,700 shares during the period. Oracle comprises about 1.4% of SRN Advisors LLC’s investment portfolio, making the stock its 11th biggest position. SRN Advisors LLC’s holdings in Oracle were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Activest Wealth Management boosted its stake in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC boosted its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank grew its stake in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares in the last quarter. Requisite Capital Management LLC increased its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Finally, McLean Asset Management Corp lifted its stake in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. BMO Capital Markets upped their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley upped their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 2.3 %

NYSE ORCL opened at $172.37 on Thursday. The stock has a market cap of $482.11 billion, a PE ratio of 42.14, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a 12 month low of $109.79 and a 12 month high of $198.31. The company’s 50-day moving average price is $169.08 and its 200-day moving average price is $168.15. 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 issued 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. Oracle’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on Friday, January 24th. The stock was 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 directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 42.20% of the company’s stock.

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.