New Millennium Group LLC Acquires 5,796 Shares of Oracle Co. (NYSE:ORCL)

New Millennium Group LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 13,479.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,839 shares of the enterprise software provider’s stock after buying an additional 5,796 shares during the period. New Millennium Group LLC’s holdings in Oracle were worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. R Squared Ltd acquired a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% during the fourth 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 in the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle in the 3rd quarter valued at $44,000. Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter valued at $47,000. Finally, Avondale Wealth Management purchased a new position in Oracle during the 3rd quarter worth $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

NYSE ORCL opened at $169.91 on Friday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a 50-day moving average price of $172.34 and a 200-day moving average price of $163.08. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $475.24 billion, a P/E ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 period last year, the business earned $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

Several brokerages have recently commented on ORCL. UBS Group increased 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. Piper Sandler lifted their target price 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. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle 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.