Vista Investment Partners LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Vista Investment Partners LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,043 shares of the enterprise software provider’s stock after buying an additional 259 shares during the quarter. Oracle accounts for 1.8% of Vista Investment Partners LLC’s holdings, making the stock its 10th largest position. Vista Investment Partners LLC’s holdings in Oracle were worth $5,840,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management lifted its position in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC boosted its position in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after buying an additional 58 shares during the period. Cadence Bank grew its holdings in shares of Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC raised its position in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC lifted its stake in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.5 %

Shares of ORCL opened at $183.59 on Friday. The stock has a 50 day simple moving average of $174.41 and a 200-day simple moving average of $162.49. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $513.50 billion, a PE ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ORCL shares. UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.