Hamilton Capital Partners LLC Takes Position in Oracle Co. (NYSE:ORCL)

Hamilton Capital Partners LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 63,503 shares of the enterprise software provider’s stock, valued at approximately $10,582,000. Oracle comprises approximately 6.6% of Hamilton Capital Partners LLC’s portfolio, making the stock its 7th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Synergy Investment Management LLC bought a new stake in Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. increased its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $47,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 3.3 %

ORCL stock opened at $155.89 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 3.46 and a beta of 1.07. The business has a fifty day moving average price of $167.63 and a 200 day moving average price of $169.10. Oracle Co. has a fifty-two week low of $111.18 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Morgan Stanley increased their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, UBS Group boosted their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.