Oracle Co. (NYSE:ORCL) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its position in Oracle Co. (NYSE:ORCL) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 17,703 shares of the enterprise software provider’s stock after purchasing an additional 300 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Oracle were worth $1,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its position 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 valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its holdings 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 worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its position in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of Oracle 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 2.4 %

NYSE ORCL opened at $113.75 on Wednesday. The firm’s 50 day moving average price is $119.63 and its two-hundred day moving average price is $113.25. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a twelve month low of $93.85 and a twelve month high of $132.77. The stock has a market cap of $312.64 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

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

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. BMO Capital Markets boosted their price target 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. Finally, The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $130.76.

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.