480 Shares in Oracle Co. (NYSE:ORCL) Purchased by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, HoldingsChannel reports. The firm acquired 480 shares of the enterprise software provider’s stock, valued at approximately $51,000.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Oracle in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC grew its position in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, Piper Sandler lowered their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Up 0.5 %

Shares of NYSE ORCL traded up $0.54 during mid-day trading on Tuesday, hitting $115.07. The company had a trading volume of 5,491,654 shares, compared to its average volume of 8,535,559. The company has a market capitalization of $316.27 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The business’s 50-day simple moving average is $119.23 and its 200 day simple moving average is $113.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating 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 return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. On average, analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Insider Activity

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

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.