Lumature Wealth Partners LLC Has $1.25 Million Stake in Oracle Co. (NYSE:ORCL)

Lumature Wealth Partners LLC grew its position in Oracle Co. (NYSE:ORCLGet Rating) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,301 shares of the enterprise software provider’s stock after buying an additional 304 shares during the period. Lumature Wealth Partners LLC’s holdings in Oracle were worth $1,247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. OLD Mission Capital LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $225,000. Ironwood Wealth Management LLC. grew its stake in shares of Oracle by 19.0% during the second quarter. Ironwood Wealth Management LLC. now owns 5,336 shares of the enterprise software provider’s stock worth $415,000 after purchasing an additional 852 shares during the period. Morgan Stanley grew its stake in shares of Oracle by 12.1% during the second quarter. Morgan Stanley now owns 12,477,054 shares of the enterprise software provider’s stock worth $971,213,000 after purchasing an additional 1,342,602 shares during the period. Keudell Morrison Wealth Management grew its stake in shares of Oracle by 1.4% during the third quarter. Keudell Morrison Wealth Management now owns 10,860 shares of the enterprise software provider’s stock worth $946,000 after purchasing an additional 152 shares during the period. Finally, EagleClaw Capital Managment LLC grew its stake in shares of Oracle by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 52,637 shares of the enterprise software provider’s stock worth $4,585,000 after purchasing an additional 250 shares during the period. 42.33% of the stock is owned by institutional investors.

A number of brokerages recently commented on ORCL. Piper Sandler cut Oracle from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $100.00 to $70.00 in a research note on Friday, March 11th. Bank of America decreased their price objective on Oracle from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, March 11th. Exane BNP Paribas raised Oracle from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 29th. Daiwa Capital Markets began coverage on Oracle in a report on Friday, April 1st. They set a “neutral” rating and a $87.00 target price on the stock. Finally, Societe Generale upgraded Oracle from a “hold” rating to a “buy” rating in a report on Friday, March 11th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.09.

ORCL opened at $71.17 on Friday. Oracle Co. has a 52-week low of $68.97 and a 52-week high of $106.34. The firm has a market capitalization of $189.89 billion, a PE ratio of 27.27, a PEG ratio of 2.22 and a beta of 0.87. The business’s 50-day simple moving average is $78.25 and its 200 day simple moving average is $84.37.

Oracle (NYSE:ORCLGet Rating) last released its earnings results on Thursday, March 10th. The enterprise software provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.06). Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The company had revenue of $10.51 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 4.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Friday, April 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, April 7th. Oracle’s dividend payout ratio (DPR) is presently 49.04%.

In other Oracle news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $84.11, for a total transaction of $504,660.00. Following the transaction, the director now owns 41,886 shares of the company’s stock, valued at $3,523,031.46. The sale was disclosed in a document filed with the SEC, which is available through this link. 39.10% of the stock is owned by insiders.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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