5,009 Shares in Oracle Corporation $ORCL Acquired by Beto Financial Group LLC

Beto Financial Group LLC purchased a new stake in Oracle Corporation (NYSE:ORCLFree Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,009 shares of the enterprise software provider’s stock, valued at approximately $976,000.

Other institutional investors also recently modified their holdings of the company. HFM Investment Advisors LLC increased its holdings in shares of Oracle by 290.9% in the fourth quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 96 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Oracle during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new position in Oracle during the 3rd quarter worth approximately $28,000. Joseph Group Capital Management purchased a new position in Oracle during the 4th quarter worth approximately $29,000. Finally, Investors Research Corp grew its position in Oracle by 465.5% during the 4th quarter. Investors Research Corp now owns 164 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. TD Cowen lowered their price target on shares of Oracle from $350.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Scotiabank lowered their price target on shares of Oracle from $220.00 to $215.00 and set a “sector outperform” rating on the stock in a report on Monday, March 9th. Guggenheim restated a “buy” rating and set a $400.00 price target on shares of Oracle in a report on Friday, March 13th. Sanford C. Bernstein set a $313.00 price target on shares of Oracle in a report on Monday, February 9th. Finally, DA Davidson boosted their price target on shares of Oracle from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.46.

Get Our Latest Analysis on ORCL

Oracle News Roundup

Here are the key news stories impacting Oracle this week:

Oracle Stock Up 9.6%

Shares of ORCL opened at $247.45 on Tuesday. The firm has a market capitalization of $711.69 billion, a P/E ratio of 44.43, a P/E/G ratio of 2.15 and a beta of 1.65. The company has a 50-day simple moving average of $172.65 and a 200-day simple moving average of $177.99. Oracle Corporation has a 52 week low of $134.57 and a 52 week high of $345.72. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.35 and a current ratio of 1.35.

Oracle (NYSE:ORCLGet Free Report) last posted its earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.08. The business had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.91 billion. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. On average, equities research analysts expect that Oracle Corporation will post 6.08 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Thursday, April 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle’s payout ratio is presently 35.91%.

Insiders Place Their Bets

In related news, EVP Stuart Levey sold 15,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $176.19, for a total value of $2,642,850.00. Following the sale, the executive vice president owned 3,429 shares of the company’s stock, valued at $604,155.51. The trade was a 81.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is currently owned by insiders.

About Oracle

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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