Reliant Investment Management LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Reliant Investment Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,016 shares of the enterprise software provider’s stock after acquiring an additional 110 shares during the quarter. Oracle comprises 2.7% of Reliant Investment Management LLC’s investment portfolio, making the stock its 16th biggest position. Reliant Investment Management LLC’s holdings in Oracle were worth $6,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Activest Wealth Management lifted its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares during the period. Second Line Capital LLC increased its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank increased its holdings in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC increased its holdings in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares in the last quarter. Finally, W Advisors LLC increased its holdings in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Oracle stock opened at $161.05 on Tuesday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a 50 day moving average price of $175.44 and a 200 day moving average price of $161.58. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.16 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORCL shares. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein increased their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Cantor Fitzgerald initiated coverage on shares of Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 price target for the company. Finally, Piper Sandler lifted 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.