Unique Wealth Strategies LLC Invests $1.15 Million in Oracle Co. (NYSE:ORCL)

Unique Wealth Strategies LLC purchased a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,923 shares of the enterprise software provider’s stock, valued at approximately $1,152,000.

A number of other large investors have also made changes to their positions in ORCL. Sandy Spring Bank boosted its stake in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI increased its stake in Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares during the period. Quantum Private Wealth LLC acquired a new position in Oracle in the third quarter worth about $229,000. Cooper Financial Group lifted its stake in Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares during the period. Finally, Mendota Financial Group LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $171,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $2.32 on Friday, hitting $117.21. The company had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The stock has a market cap of $322.15 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a 50 day moving average price of $119.42 and a 200 day moving average price of $113.11. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s payout ratio is presently 42.22%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. BMO Capital Markets increased their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Piper Sandler decreased their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Oppenheimer started coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.