Lyell Wealth Management LP Buys 1,820 Shares of Oracle Co. (NYSE:ORCL)

Lyell Wealth Management LP grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 70.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,397 shares of the enterprise software provider’s stock after purchasing an additional 1,820 shares during the quarter. Lyell Wealth Management LP’s holdings in Oracle were worth $464,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ORCL. Wellington Management Group LLP increased its position in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. increased its holdings in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. DNB Asset Management AS increased its holdings in Oracle by 313.4% in the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock worth $186,255,000 after acquiring an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Oracle by 26,602.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after acquiring an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Oracle by 35.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after acquiring an additional 825,030 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

NYSE:ORCL traded down $0.50 during mid-day trading on Thursday, reaching $114.84. The stock had a trading volume of 5,379,027 shares, compared to its average volume of 8,451,148. The firm has a 50 day moving average price of $119.26 and a two-hundred day moving average price of $113.05. The stock has a market capitalization of $315.64 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.31 and a beta of 1.01. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ORCL. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Piper Sandler cut their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

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.