6,061 Shares in Oracle Co. (NYSE:ORCL) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,061 shares of the enterprise software provider’s stock, valued at approximately $856,000.

Several other institutional investors also recently bought and sold shares of ORCL. Brio Consultants LLC raised its position in shares of Oracle by 4.1% during the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Oracle by 4.1% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after acquiring an additional 155 shares during the last quarter. Gilbert & Cook Inc. purchased a new position in shares of Oracle in the fourth quarter valued at approximately $359,000. Aveo Capital Partners LLC purchased a new position in shares of Oracle in the fourth quarter valued at approximately $290,000. Finally, 9258 Wealth Management LLC boosted 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 acquiring an additional 560 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL stock opened at $168.11 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $465.83 billion, a P/E ratio of 45.31, a P/E/G ratio of 3.05 and a beta of 1.01. The firm’s 50 day moving average price is $143.76 and its 200-day moving average price is $133.07. Oracle Co. has a one year low of $99.26 and a one year high of $173.99.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORCL. Jefferies Financial Group increased their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Piper Sandler increased their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. DA Davidson boosted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.13.

About Oracle

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.