Investment Partners LTD. Has $1.85 Million Holdings in Oracle Co. (NYSE:ORCL)

Investment Partners LTD. lessened its holdings in Oracle Co. (NYSE:ORCL) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,578 shares of the enterprise software provider’s stock after selling 498 shares during the period. Investment Partners LTD.’s holdings in Oracle were worth $1,853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Oracle by 298.4% in the 3rd 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 during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Oracle by 1,268.0% in the 3rd 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 during the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Up 2.0 %

NYSE ORCL traded up $2.32 during trading hours on Friday, hitting $117.21. The company’s stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The stock has a fifty day moving average of $119.42 and a 200 day moving average of $113.11. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The firm has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share 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 business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

A number of research firms have weighed in on ORCL. BMO Capital Markets boosted their target price on shares of 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 raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Piper Sandler cut their target price 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. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, KeyCorp began coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.