Xponance Inc. Acquires 6,924 Shares of Oracle Co. (NYSE:ORCL)

Xponance Inc. grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 269,661 shares of the enterprise software provider’s stock after buying an additional 6,924 shares during the period. Xponance Inc.’s holdings in Oracle were worth $28,430,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Oracle in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the 3rd quarter worth $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its holdings in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Finally, Oppenheimer initiated coverage on Oracle in a research report on Thursday. They issued a “market perform” rating for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Activity

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

Oracle Price Performance

NYSE ORCL traded down $2.67 during trading hours on Thursday, hitting $116.00. The company had a trading volume of 6,639,104 shares, compared to its average volume of 8,575,121. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The firm has a 50 day simple moving average of $119.28 and a 200 day simple moving average of $112.78. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $318.83 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping 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 business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

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

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.