Foundry Partners LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)

Foundry Partners LLC boosted its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,804 shares of the enterprise software provider’s stock after purchasing an additional 4,856 shares during the period. Foundry Partners LLC’s holdings in Oracle were worth $12,584,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ORCL. Fairfield Bush & CO. increased its position in shares of Oracle by 3.1% during the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after acquiring an additional 2,221 shares during the last quarter. AMI Investment Management Inc. increased 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 valued at $1,693,000 after acquiring an additional 579 shares during the last quarter. Baird Financial Group Inc. increased 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 valued at $48,686,000 after acquiring an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. increased 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 valued at $567,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Oracle by 125.2% during 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 during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.4 %

Shares of NYSE:ORCL traded down $0.41 during trading on Monday, hitting $116.23. 1,421,567 shares of the company were exchanged, compared to its average volume of 7,484,315. The firm’s 50 day moving average price is $108.94 and its 200-day moving average price is $111.41. Oracle Co. has a 12-month low of $82.04 and a 12-month high of $127.54. The stock has a market capitalization of $319.51 billion, a P/E ratio of 32.22, a PEG ratio of 2.23 and a beta of 1.02. The company has a debt-to-equity ratio of 18.84, a current ratio of 0.79 and a quick ratio of 0.79.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Monday, December 11th. The enterprise software provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. Oracle had a net margin of 19.64% and a return on equity of 703.26%. The firm had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.05 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. Oracle’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 4.45 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were given a $0.40 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s dividend payout ratio (DPR) is 44.20%.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total value of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at approximately $3,686,421.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ORCL. 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 report on Tuesday, January 2nd. BMO Capital Markets dropped their price objective on shares of Oracle from $130.00 to $126.00 and set a “market perform” rating for the company in a report on Tuesday, December 12th. Wolfe Research dropped their price objective on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. UBS Group dropped their price objective on shares of Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. Finally, Morgan Stanley dropped their price objective on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Read Our Latest Stock Report on ORCL

About Oracle

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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