Alliance Wealth Advisors LLC UT Increases Stake in Oracle Co. (NYSE:ORCL)

Alliance Wealth Advisors LLC UT increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,776 shares of the enterprise software provider’s stock after buying an additional 299 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Oracle were worth $820,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank increased its stake in Oracle by 1.4% during the 4th 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 during the period. LVM Capital Management Ltd. MI grew its holdings in Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after acquiring an additional 200 shares in the last quarter. Quantum Private Wealth LLC acquired a new position in Oracle during the 3rd quarter worth approximately $229,000. Cooper Financial Group grew its holdings in Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in Oracle during the 4th quarter worth approximately $171,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Oracle stock traded up $2.32 during trading hours on Friday, reaching $117.21. 8,355,111 shares of the stock were exchanged, compared to its average volume of 5,810,524. The stock has a market cap of $322.15 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The firm’s 50 day moving average is $119.42 and its 200 day moving average is $113.11.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company 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%. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed 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 yield of 1.37%. Oracle’s payout ratio is currently 42.22%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, Piper Sandler lowered their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.