DGS Capital Management LLC Has $508,000 Stock Position in Oracle Co. (NYSE:ORCL)

DGS Capital Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,822 shares of the enterprise software provider’s stock after buying an additional 315 shares during the period. DGS Capital Management LLC’s holdings in Oracle were worth $508,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ORCL. United Asset Strategies Inc. grew its stake in Oracle by 14.3% in the 4th quarter. United Asset Strategies Inc. now owns 15,200 shares of the enterprise software provider’s stock valued at $1,603,000 after buying an additional 1,907 shares during the last quarter. First American Trust FSB grew its stake in Oracle by 4.5% in the 4th quarter. First American Trust FSB now owns 112,903 shares of the enterprise software provider’s stock valued at $11,903,000 after buying an additional 4,822 shares during the last quarter. Grant GrossMendelsohn LLC grew its stake in Oracle by 1.8% in the 4th quarter. Grant GrossMendelsohn LLC now owns 70,184 shares of the enterprise software provider’s stock valued at $8,046,000 after buying an additional 1,264 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in Oracle in the 4th quarter valued at $225,000. Finally, Flputnam Investment Management Co. grew its stake in Oracle by 41.9% in the 4th quarter. Flputnam Investment Management Co. now owns 88,854 shares of the enterprise software provider’s stock valued at $9,368,000 after buying an additional 26,258 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Piper Sandler reduced their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Up 0.7 %

Shares of ORCL stock traded up $0.86 during trading on Tuesday, reaching $120.74. The company’s stock had a trading volume of 1,781,704 shares, compared to its average volume of 8,596,526. The business has a fifty day moving average price of $119.15 and a 200-day moving average price of $112.63. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market cap of $331.85 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. Oracle Co. has a one year low of $93.29 and a one year high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.33%. Oracle’s payout ratio is 42.22%.

About Oracle

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.