Lazari Capital Management Inc. Has $546,000 Stake in Oracle Co. (NYSE:ORCL)

Lazari Capital Management Inc. boosted its stake in Oracle Co. (NYSE:ORCL) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,867 shares of the enterprise software provider’s stock after acquiring an additional 361 shares during the period. Lazari Capital Management Inc.’s holdings in Oracle were worth $546,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its stake in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares in the last quarter. Capital World Investors boosted its stake in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC lifted its stake in shares of Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ORCL. Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Piper Sandler raised their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. UBS Group raised their price target on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Argus raised their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $167.42.

Insider Buying and Selling at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Down 1.9 %

Shares of ORCL opened at $167.12 on Wednesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The firm has a 50 day moving average price of $146.05 and a 200-day moving average price of $134.40. The firm has a market cap of $463.08 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Oracle 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.