Vestmark Advisory Solutions Inc. Acquires 2,907 Shares of Oracle Co. (NYSE:ORCL)

Posted by Defense World Staff on Apr 1st, 2023

Vestmark Advisory Solutions Inc. grew its holdings in Oracle Co. (NYSE:ORCL – Get Rating) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,259 shares of the enterprise software provider’s stock after acquiring an additional 2,907 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Oracle were worth $1,656,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Fairfield Bush & CO. raised its stake in Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares during the last quarter. AMI Investment Management Inc. raised its stake in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after buying an additional 579 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Oracle by 29.2% during the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares in the last quarter. Zions Bancorporation N.A. increased its position in shares of Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares in the last quarter. 40.96% of the stock is owned by institutional investors.

Oracle Stock Up 2.7 %

NYSE ORCL opened at $92.92 on Friday. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $93.00. The company has a market capitalization of $250.87 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.83 and a beta of 1.02. The firm’s 50 day moving average is $87.96 and its 200-day moving average is $80.41.

Oracle (NYSE:ORCL – Get Rating) last released its earnings results on Thursday, March 9th. The enterprise software provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. Oracle had a net margin of 17.46% and a negative return on equity of 262.40%. The business had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.42 billion. During the same period last year, the business earned $0.94 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 4.01 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Tuesday, April 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 1.72%. Oracle’s dividend payout ratio (DPR) is currently 42.24%.

Insider Activity at Oracle

In other Oracle news, Director Rona Alison Fairhead sold 8,080 shares of Oracle stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $89.82, for a total transaction of $725,745.60. Following the completion of the transaction, the director now directly owns 11,197 shares of the company’s stock, valued at $1,005,714.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 43.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ORCL shares. UBS Group increased their target price on shares of Oracle from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, March 24th. BMO Capital Markets raised their target price on shares of Oracle from $95.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, March 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $104.00 target price on shares of Oracle in a research note on Friday, March 10th. Berenberg Bank raised their target price on shares of Oracle from $72.00 to $82.50 in a research note on Wednesday, March 8th. Finally, Barclays raised their target price on shares of Oracle from $81.00 to $85.00 in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Hold” and an average target price of $95.18.

Oracle Profile

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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