Oracle Co. (NYSE:ORCL) Shares Purchased by Spring Capital Management LLC

Spring Capital Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,880 shares of the enterprise software provider’s stock after acquiring an additional 1,565 shares during the quarter. Oracle accounts for 5.3% of Spring Capital Management LLC’s holdings, making the stock its 6th biggest position. Spring Capital Management LLC’s holdings in Oracle were worth $6,735,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in 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 period. Spartan Planning & Wealth Management bought a new position in Oracle during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC raised its position 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 valued at $36,000 after buying an additional 317 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Piper Sandler lowered their price target 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. The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” 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. UBS Group cut their price target on Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Price Performance

NYSE ORCL opened at $125.20 on Thursday. The business’s fifty day moving average price is $116.00 and its 200-day moving average price is $111.37. The stock has a market capitalization of $344.11 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.45 and a beta of 1.00. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 1-year low of $89.71 and a 1-year 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 for the quarter, beating 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 analysts’ expectations of $13.29 billion. During the same period in the prior year, the firm earned $0.96 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 1.28%. Oracle’s payout ratio is presently 42.22%.

Insiders Place Their Bets

In other Oracle 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by company insiders.

Oracle 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.