Black Swift Group LLC Makes New $2.26 Million Investment in Oracle Co. (NYSE:ORCL)

Black Swift Group LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel reports. The firm purchased 13,562 shares of the enterprise software provider’s stock, valued at approximately $2,260,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Oracle by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after purchasing an additional 97,635 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ORCL shares. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

NYSE ORCL opened at $161.75 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a fifty day simple moving average of $168.31 and a 200 day simple moving average of $169.10. Oracle Co. has a twelve month low of $110.67 and a twelve month high of $198.31. The company has a market capitalization of $452.39 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s payout ratio is currently 39.12%.

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.