Hantz Financial Services Inc. Acquires 44,844 Shares of Oracle Co. (NYSE:ORCL)

Hantz Financial Services Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 19.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 275,531 shares of the enterprise software provider’s stock after acquiring an additional 44,844 shares during the period. Oracle comprises 0.8% of Hantz Financial Services Inc.’s holdings, making the stock its 24th biggest position. Hantz Financial Services Inc.’s holdings in Oracle were worth $45,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its position in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. boosted its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. Fisher Asset Management LLC grew its holdings in Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after buying an additional 54,868 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 3.7 %

NYSE:ORCL opened at $164.12 on Wednesday. The firm has a fifty day simple moving average of $173.36 and a two-hundred day simple moving average of $163.03. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market capitalization of $459.04 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its earnings results 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research 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. Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Company 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.