Sivia Capital Partners LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Sivia Capital Partners LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,409 shares of the enterprise software provider’s stock after purchasing an additional 70 shares during the quarter. Sivia Capital Partners LLC’s holdings in Oracle were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $27,000. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter worth $44,000. Quest Partners LLC purchased a new stake in shares of Oracle in the second quarter valued at $40,000. Avondale Wealth Management acquired a new position in Oracle in the third quarter valued at $51,000. Finally, Friedenthal Financial acquired a new position in Oracle in the third quarter valued at $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ORCL shares. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Performance

NYSE:ORCL traded down $1.01 during trading hours on Monday, reaching $153.49. 5,285,580 shares of the stock were exchanged, compared to its average volume of 7,441,910. The stock has a market capitalization of $429.30 billion, a P/E ratio of 37.53, a P/E/G ratio of 3.39 and a beta of 1.06. The firm has a 50 day simple moving average of $177.62 and a 200-day simple moving average of $161.04. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. 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.