Clear Point Advisors Inc. Acquires 169 Shares of Oracle Co. (NYSE:ORCL)

Clear Point Advisors Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 43.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 558 shares of the enterprise software provider’s stock after acquiring an additional 169 shares during the quarter. Clear Point Advisors Inc.’s holdings in Oracle were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORCL. Brio Consultants LLC lifted its holdings in shares of Oracle by 4.1% in the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after acquiring an additional 117 shares during the last quarter. Precision Wealth Strategies LLC increased its stake in shares of Oracle by 4.1% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after buying an additional 155 shares during the period. Gilbert & Cook Inc. purchased a new position in shares of Oracle in the fourth quarter worth $359,000. Aveo Capital Partners LLC purchased a new position in shares of Oracle in the fourth quarter worth $290,000. Finally, 9258 Wealth Management LLC increased its stake in shares of Oracle by 0.6% in the fourth quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock worth $9,519,000 after buying an additional 560 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ORCL shares. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Piper Sandler lifted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $166.13.

Oracle Stock Performance

Shares of Oracle stock opened at $165.80 on Wednesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $459.43 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 3.05 and a beta of 1.01. The firm’s 50-day moving average is $143.22 and its 200 day moving average is $132.84. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. Sell-side analysts anticipate 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 will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,573,181 shares of company stock worth $225,338,245. Company insiders own 42.80% of the company’s stock.

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.