Bailard Inc. raised its position in Oracle Co. (NYSE:ORCL – Free Report) by 189.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,636 shares of the enterprise software provider’s stock after buying an additional 52,106 shares during the period. Bailard Inc.’s holdings in Oracle were worth $8,396,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Oracle during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Oracle by 298.4% during the 3rd 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 during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted 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 valued at $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in Oracle by 139.4% during 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 during the period. Institutional investors own 42.44% of the company’s stock.
Oracle Price Performance
NYSE:ORCL traded up $0.30 during midday trading on Wednesday, hitting $115.39. The company had a trading volume of 5,787,354 shares, compared to its average volume of 8,500,789. The stock’s fifty day moving average price is $119.26 and its 200-day moving average price is $113.05. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market capitalization of $317.15 billion, a PE ratio of 30.45, a P/E/G ratio of 2.30 and a beta of 1.01.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid 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 is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.
Analyst Upgrades and Downgrades
ORCL has been the topic of several research reports. Oppenheimer initiated coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. HSBC boosted their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Ten research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.
Get Our Latest Research Report on Oracle
Insider Transactions at Oracle
In other Oracle 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 value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.80% of the company’s stock.
Oracle Company 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.
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