Alpha Cubed Investments LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Alpha Cubed Investments LLC grew its position in Oracle Co. (NYSE:ORCL) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,414 shares of the enterprise software provider’s stock after purchasing an additional 4,211 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Oracle were worth $5,104,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Oracle by 5.7% during 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 grew its holdings in shares of Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $1,211,307,000 after acquiring an additional 61,604 shares during the period. Invesco Ltd. raised its stake 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 acquiring an additional 89,876 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Oracle by 9,299.3% during 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 acquiring an additional 8,084,067 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 2.4 %

Shares of ORCL traded down $2.74 during mid-day trading on Tuesday, reaching $113.75. The stock had a trading volume of 6,232,464 shares, compared to its average volume of 8,411,357. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average is $119.52 and its 200 day moving average is $113.21. Oracle Co. has a 52-week low of $93.85 and a 52-week high of $132.77. The firm has a market cap of $312.64 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.41%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was 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 owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on ORCL shares. BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.