Oracle Co. (NYSE:ORCL) Stock Position Increased by Two Point Capital Management Inc.

Two Point Capital Management Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,913 shares of the enterprise software provider’s stock after buying an additional 8,301 shares during the period. Oracle accounts for 4.0% of Two Point Capital Management Inc.’s holdings, making the stock its 10th biggest position. Two Point Capital Management Inc.’s holdings in Oracle were worth $8,847,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Oracle by 298.4% in the third 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 acquired a new stake in shares of Oracle in the third quarter valued at about $27,000. Cornerstone Planning Group LLC raised its position in shares of 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 buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. raised its position in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after buying an additional 216 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler lowered their target price 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. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock traded up $2.46 on Friday, hitting $117.35. The stock had a trading volume of 6,384,555 shares, compared to its average volume of 8,450,793. The company’s 50 day moving average price is $119.30 and its 200 day moving average price is $113.06. The stock has a market cap of $322.54 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.31 and a beta of 1.01. 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 52-week low of $93.29 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business 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 of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

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.