Oracle Co. (NYSE:ORCL) Shares Purchased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 34.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,491 shares of the enterprise software provider’s stock after purchasing an additional 4,752 shares during the period. Joel Isaacson & Co. LLC’s holdings in Oracle were worth $3,081,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Clarity Wealth Advisors LLC grew its position in Oracle by 3.9% during the fourth quarter. Clarity Wealth Advisors LLC now owns 4,659 shares of the enterprise software provider’s stock worth $776,000 after buying an additional 174 shares during the period. Appleton Partners Inc. MA boosted its stake in shares of Oracle by 31.9% during the 4th quarter. Appleton Partners Inc. MA now owns 5,923 shares of the enterprise software provider’s stock worth $987,000 after acquiring an additional 1,434 shares in the last quarter. Platform Technology Partners grew its holdings in shares of Oracle by 1.5% in the 4th quarter. Platform Technology Partners now owns 10,209 shares of the enterprise software provider’s stock worth $1,701,000 after acquiring an additional 147 shares during the period. Exane Asset Management increased its stake in Oracle by 22.6% in the 4th quarter. Exane Asset Management now owns 11,148 shares of the enterprise software provider’s stock valued at $1,924,000 after purchasing an additional 2,052 shares in the last quarter. Finally, Dock Street Asset Management Inc. raised its holdings in Oracle by 9,926.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 127,337 shares of the enterprise software provider’s stock worth $21,219,000 after purchasing an additional 126,067 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on ORCL shares. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Finally, UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $174.53 on Friday. The stock has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s fifty day moving average price is $170.63 and its 200 day moving average price is $164.11. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.