Rakuten Securities Inc. Buys New Shares in Oracle Co. (NYSE:ORCL)

Rakuten Securities Inc. bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,647 shares of the enterprise software provider’s stock, valued at approximately $174,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted 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 acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased 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 buying an additional 216 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday. They issued a “market perform” rating on the stock. Finally, Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $118.67 on Thursday. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The firm’s fifty day simple moving average is $119.28 and its 200 day simple moving average is $112.78. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market capitalization of $326.16 billion, a PE ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the business posted $0.96 EPS. Oracle’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 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.