Key Financial Inc Raises Stake in Oracle Co. (NYSE:ORCL)

Key Financial Inc grew its stake in shares of Oracle Co. (NYSE:ORCL) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,916 shares of the enterprise software provider’s stock after acquiring an additional 396 shares during the period. Key Financial Inc’s holdings in Oracle were worth $729,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Orion Capital Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised 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 buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. raised its stake in Oracle by 139.4% in the 4th 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 last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Down 1.6 %

Shares of Oracle stock traded down $1.95 on Wednesday, hitting $118.67. 5,348,467 shares of the company’s stock traded hands, compared to its average volume of 8,624,676. 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 firm’s 50-day moving average is $119.25 and its 200 day moving average is $112.73. The stock has a market cap of $326.16 billion, a P/E ratio of 31.83, a PEG ratio of 2.32 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results 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. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared 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 is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Oracle’s payout ratio is 42.22%.

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.