SteelPeak Wealth LLC Has $2.78 Million Holdings in Oracle Co. (NYSE:ORCL)

SteelPeak Wealth LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,671 shares of the enterprise software provider’s stock after acquiring an additional 1,696 shares during the quarter. SteelPeak Wealth LLC’s holdings in Oracle were worth $2,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management acquired a new position in Oracle in the 3rd quarter valued at approximately $51,000. Friedenthal Financial bought a new position in shares of Oracle during the third quarter valued at $51,000. Finally, Activest Wealth Management raised its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 3.7 %

Shares of Oracle stock opened at $164.12 on Wednesday. The company has a market capitalization of $459.04 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The stock has a fifty day simple moving average of $173.85 and a 200 day simple moving average of $162.89. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. 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 posted its earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend yield of 0.97%. Oracle’s payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group increased 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. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” 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 report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 42.20% of the stock is currently owned by corporate 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.