Sargent Investment Group LLC Has $1.68 Million Holdings in Oracle Co. (NYSE:ORCL)

Sargent Investment Group LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,941 shares of the enterprise software provider’s stock after acquiring an additional 230 shares during the quarter. Sargent Investment Group LLC’s holdings in Oracle were worth $1,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Vanguard Group Inc. raised its position in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Northern Trust Corp raised its position in Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after purchasing an additional 61,604 shares during the last quarter. Invesco Ltd. raised its position in Oracle by 1.1% in the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after purchasing an additional 89,876 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 2.0 %

NYSE ORCL traded up $2.32 on Friday, reaching $117.21. The company had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The company’s fifty day moving average is $119.42 and its 200-day moving average is $113.13. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $322.15 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the prior year, the business posted $0.96 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, 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. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s dividend payout ratio is 42.22%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. Piper Sandler dropped their price objective 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. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Transactions at Oracle

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 value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company 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.