Carrera Capital Advisors Purchases 215 Shares of Oracle Co. (NYSE:ORCL)

Carrera Capital Advisors increased its position in shares of Oracle Co. (NYSE:ORCL) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,835 shares of the enterprise software provider’s stock after buying an additional 215 shares during the quarter. Carrera Capital Advisors’ holdings in Oracle were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $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 valued at $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new stake in Oracle during the 4th quarter worth about $34,000. TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% during 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 last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $157.24 on Wednesday. Oracle Co. has a 12-month low of $110.36 and a 12-month high of $198.31. The firm has a 50-day moving average price of $168.50 and a two-hundred day moving average price of $169.15. The company has a market capitalization of $439.78 billion, a P/E ratio of 38.44, a P/E/G ratio of 3.46 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORCL. Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. 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 note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Finally, Guggenheim boosted their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.