Oracle Corporation $ORCL Shares Purchased by DSG Capital Advisors LLC

DSG Capital Advisors LLC raised its holdings in shares of Oracle Corporation (NYSE:ORCL) by 22.8% during the 3rd quarter, Holdings Channel reports. The fund owned 21,071 shares of the enterprise software provider’s stock after purchasing an additional 3,911 shares during the period. DSG Capital Advisors LLC’s holdings in Oracle were worth $5,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Winnow Wealth LLC acquired a new stake in Oracle in the second quarter worth about $28,000. Kilter Group LLC bought a new stake in shares of Oracle during the 2nd quarter worth about $30,000. Darwin Wealth Management LLC lifted its stake in shares of Oracle by 130.0% in the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after acquiring an additional 65 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter valued at approximately $33,000. Finally, Financial Consulate Inc. bought a new stake in Oracle during the third quarter worth approximately $37,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ORCL. Bank of America lowered their price target on Oracle from $368.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Robert W. Baird lowered their target price on Oracle from $365.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. BMO Capital Markets dropped their price target on shares of Oracle from $355.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Scotiabank reduced their price objective on shares of Oracle from $360.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Thursday, December 11th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $342.00 target price on shares of Oracle in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $300.46.

Oracle Stock Performance

Shares of ORCL opened at $174.86 on Wednesday. The company has a 50-day moving average of $196.68 and a two-hundred day moving average of $238.81. The stock has a market cap of $502.40 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.61 and a beta of 1.65. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Oracle’s dividend payout ratio (DPR) is 37.59%.

Oracle News Roundup

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oracle’s role in the newly structured U.S. TikTok venture and related headlines have been a near-term catalyst, supporting expectations for new consumer-facing revenue and strategic leverage of Oracle’s cloud footprint. Oracle shares rise after TikTok deal finalized
• Positive Sentiment: Analyst support and buy-side interest remain: Guggenheim reiterated a Buy and called ORCL a top software idea, which can help underpin demand for the shares. Guggenheim Reiterates Buy on Oracle
• Positive Sentiment: Longer-term growth drivers: Oracle is aggressively ramping cloud CapEx (reported plan toward $50B) and boasts a rapidly growing revenue backlog, which supports expectations for AI/GPU-driven infrastructure revenue expansion. Is Oracle’s Rising Cloud CapEx Driving Its Next Growth Phase?
• Neutral Sentiment: Operational hiccup: Oracle said a weather-related power outage at one of its data centers caused issues for U.S. TikTok users — a short-term operational event rather than a structural problem for Oracle’s cloud business. Oracle says outage at data center causes issues faced by US TikTok users
• Negative Sentiment: Legal risk: Multiple firms (Rosen Law Firm, Pomerantz LLP) have announced investigations / class actions related to Oracle’s senior notes and offering documents; new securities litigation increases uncertainty, potential legal costs and investor concern. ORCL Investors Have Opportunity to Lead Oracle Corporation Securities Lawsuit
• Negative Sentiment: Analyst downgrade pressure: At least one analyst sharply cut their price target by >30%, signaling reduced near-term expectations and contributing to selling pressure. Why 1 Analyst Just Slashed Their Price Target on Oracle Stock by More than 30%
• Negative Sentiment: Reputational / demand risk for TikTok tie-up: U.S. TikTok uninstalls spiked and political criticism (public figures warning about concentration of control) create user- and PR-risk that could blunt the consumer upside from the TikTok arrangement. TikTok uninstalls are up 150% following U.S. joint venture

Insiders Place Their Bets

In related news, EVP Douglas A. Kehring sold 35,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $194.89, for a total transaction of $6,821,150.00. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $6,555,709.82. The trade was a 50.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Hura sold 15,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $196.89, for a total value of $2,953,350.00. Following the completion of the sale, the insider directly owned 234,077 shares of the company’s stock, valued at approximately $46,087,420.53. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 62,223 shares of company stock worth $12,136,764. 40.90% of the stock is owned by corporate insiders.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.