Aspire Capital Advisors LLC Has $329,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Aspire Capital Advisors LLC grew its stake in Oracle Co. (NYSE:ORCL) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,977 shares of the enterprise software provider’s stock after purchasing an additional 121 shares during the quarter. Aspire Capital Advisors LLC’s holdings in Oracle were worth $329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stonegate Investment Group LLC boosted its stake in Oracle by 0.3% during the 4th quarter. Stonegate Investment Group LLC now owns 92,221 shares of the enterprise software provider’s stock worth $15,368,000 after acquiring an additional 282 shares during the last quarter. Prospect Financial Services LLC acquired a new stake in Oracle in the fourth quarter worth $209,000. Perigon Wealth Management LLC boosted its position in shares of Oracle by 2.0% during the fourth quarter. Perigon Wealth Management LLC now owns 28,583 shares of the enterprise software provider’s stock worth $4,560,000 after purchasing an additional 549 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the period. Finally, Griffin Asset Management Inc. increased its position in shares of Oracle by 2.3% in the 4th quarter. Griffin Asset Management Inc. now owns 56,669 shares of the enterprise software provider’s stock valued at $9,443,000 after buying an additional 1,287 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $160.79 on Tuesday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The stock has a market capitalization of $449.72 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $174.41 and its 200 day simple moving average is $162.79.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Oracle’s payout ratio is presently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

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.