Atomi Financial Group Inc. Grows Position in Oracle Co. (NYSE:ORCL)

Atomi Financial Group Inc. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 15.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,903 shares of the enterprise software provider’s stock after purchasing an additional 2,324 shares during the quarter. Atomi Financial Group Inc.’s holdings in Oracle were worth $2,817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management increased its position in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC raised its position in Oracle by 1.5% in the third 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 during the period. Cadence Bank raised its holdings in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares during the period. Eagle Rock Investment Company LLC lifted its position in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares in the last quarter. Finally, W Advisors LLC boosted its stake in shares of Oracle by 3.1% in the third 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 during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ORCL shares. Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, KeyCorp increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

Shares of NYSE ORCL opened at $161.05 on Tuesday. The business has a 50-day moving average price of $174.87 and a two-hundred day moving average price of $161.70. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a PEG ratio of 3.16 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 analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. As a group, analysts predict 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. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.