Insight Wealth Strategies LLC Buys New Stake in Oracle Co. (NYSE:ORCL)

Insight Wealth Strategies LLC bought a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,935 shares of the enterprise software provider’s stock, valued at approximately $1,364,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fairfield Bush & CO. boosted its stake in Oracle by 3.1% during the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after buying an additional 2,221 shares during the period. AMI Investment Management Inc. lifted its position in shares of Oracle by 2.9% during the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after purchasing an additional 579 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Oracle by 29.2% during the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. lifted its position in shares of Oracle by 79.6% during the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Oracle by 125.2% in the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 0.9 %

Shares of Oracle stock traded down $1.22 during trading hours on Friday, reaching $127.79. The stock had a trading volume of 6,638,851 shares, compared to its average volume of 9,349,522. The firm has a 50 day simple moving average of $114.79 and a two-hundred day simple moving average of $111.49. The firm has a market capitalization of $351.23 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 2.50 and a beta of 1.00. 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 1 year low of $87.51 and a 1 year high of $132.77.

Oracle (NYSE:ORCL) last released 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. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Piper Sandler dropped their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Morgan Stanley reduced their price target on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company 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.