Ninepoint Partners LP Invests $663,000 in Oracle Co. (NYSE:ORCL)

Ninepoint Partners LP acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,290 shares of the enterprise software provider’s stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Davidson Trust Co. raised its holdings in Oracle by 14.5% during the fourth quarter. Davidson Trust Co. now owns 6,590 shares of the enterprise software provider’s stock valued at $695,000 after acquiring an additional 835 shares during the period. HTLF Bank bought a new stake in Oracle during the 4th quarter valued at approximately $6,745,000. Fidelis Capital Partners LLC lifted its holdings in Oracle by 26.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 9,123 shares of the enterprise software provider’s stock worth $962,000 after purchasing an additional 1,886 shares in the last quarter. Western Wealth Management LLC lifted its holdings in Oracle by 1.7% in the 4th quarter. Western Wealth Management LLC now owns 6,267 shares of the enterprise software provider’s stock worth $661,000 after purchasing an additional 104 shares in the last quarter. Finally, Xponance Inc. grew its holdings in Oracle by 2.6% during the 4th quarter. Xponance Inc. now owns 269,661 shares of the enterprise software provider’s stock valued at $28,430,000 after buying an additional 6,924 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Piper Sandler dropped their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer assumed coverage on Oracle in a research report on Thursday. They set a “market perform” rating for the company. The Goldman Sachs Group boosted their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 0.4 %

Shares of NYSE ORCL traded down $0.41 during trading hours on Friday, reaching $115.59. The stock had a trading volume of 3,439,558 shares, compared to its average volume of 8,529,801. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The firm has a market cap of $317.70 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.30 and a beta of 1.01. The business’s fifty day moving average price is $119.27 and its two-hundred day moving average price is $112.80. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

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.