Patriot Financial Group Insurance Agency LLC Purchases 1,914 Shares of Oracle Co. (NYSE:ORCL)

Patriot Financial Group Insurance Agency LLC increased its stake in Oracle Co. (NYSE:ORCL) by 16.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,442 shares of the enterprise software provider’s stock after acquiring an additional 1,914 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Oracle were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Oracle in the fourth quarter worth about $1,409,896,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Oracle by 112,785.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after purchasing an additional 10,822,934 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Oracle by 9.6% during the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after acquiring an additional 1,794,080 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Piper Sandler reduced their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Evercore ISI reduced their price target on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, December 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Wolfe Research cut their target price on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, December 12th. Finally, William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of ORCL traded up $0.34 during trading hours on Friday, reaching $125.61. 6,587,431 shares of the stock traded hands, compared to its average volume of 12,446,397. The company has a market cap of $345.24 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. Oracle Co. has a 52-week low of $89.71 and a 52-week high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company’s 50-day moving average price is $116.72 and its two-hundred day moving average price is $111.56.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. On average, analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

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.