Bank Julius Baer & Co. Ltd Zurich Increases Position in Oracle Co. (NYSE:ORCL)

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,265,146 shares of the enterprise software provider’s stock after acquiring an additional 57,703 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Oracle were worth $133,384,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Orion Capital Management LLC acquired a new position in Oracle in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in 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 worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in Oracle in the third quarter worth about $27,000. Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its stake in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.4 %

NYSE:ORCL traded down $0.48 during trading hours on Thursday, hitting $114.86. 6,785,363 shares of the stock traded hands, compared to its average volume of 8,477,973. The firm has a 50 day moving average price of $119.26 and a 200 day moving average price of $113.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The firm has a market cap of $315.69 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.31 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results 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. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the business earned $0.96 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities research 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 was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Oppenheimer assumed coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. Piper Sandler decreased their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. HSBC lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 42.80% of the stock is currently owned by corporate insiders.

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.