Union Bancaire Privee UBP SA Buys Shares of 319,200 Oracle Co. (NYSE:ORCL)

Union Bancaire Privee UBP SA purchased a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 319,200 shares of the enterprise software provider’s stock, valued at approximately $53,191,000. Oracle accounts for 1.1% of Union Bancaire Privee UBP SA’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Susquehanna Fundamental Investments LLC purchased a new stake in Oracle in the 2nd quarter valued at about $1,516,000. SkyView Investment Advisors LLC grew its position in shares of Oracle by 30.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 5,185 shares of the enterprise software provider’s stock worth $732,000 after buying an additional 1,209 shares in the last quarter. Aviso Wealth Management increased its stake in shares of Oracle by 7.5% during the second quarter. Aviso Wealth Management now owns 3,375 shares of the enterprise software provider’s stock valued at $476,000 after buying an additional 235 shares during the period. Creative Planning raised its holdings in shares of Oracle by 23.1% in the second quarter. Creative Planning now owns 744,571 shares of the enterprise software provider’s stock valued at $105,133,000 after acquiring an additional 139,513 shares in the last quarter. Finally, Magnolia Capital Advisors LLC lifted its stake in Oracle by 91.0% in the second quarter. Magnolia Capital Advisors LLC now owns 12,869 shares of the enterprise software provider’s stock worth $1,817,000 after acquiring an additional 6,130 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $183.59 on Monday. The firm has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm’s 50 day moving average is $174.41 and its two-hundred day moving average is $162.64.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $1.34 EPS. Research analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Guggenheim boosted their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.