Retirement Solution LLC Invests $304,000 in Oracle Co. (NYSE:ORCL)

Retirement Solution LLC has recently acquired a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, as revealed in the latest disclosure with the Securities and Exchange Commission (SEC). This institutional investor purchased a total of 1,824 shares of Oracle, which is an enterprise software provider, with an estimated value of around $304,000.

Institutional Investor Activity

Other institutional investors have also been active in the Oracle stock market. For instance, R Squared Ltd has bought a new stake in Oracle valued at about $25,000 in the fourth quarter. Winch Advisory Services LLC increased its holdings in Oracle shares by 89.7% during the same period, resulting in ownership of 184 shares worth approximately $31,000 after acquiring 87 additional shares. Similarly, Synergy Investment Management LLC made a new investment in Oracle valued at $34,000. TFC Financial Management Inc. has raised its stake in Oracle by 129.0%, owning now 213 shares valued at $35,000 after purchasing 120 more shares. Additionally, Synergy Asset Management LLC invested $47,000 in Oracle in the fourth quarter. Altogether, hedge funds and other institutional investors hold 42.44% of the company's stock.

Analyst Ratings

Multiple research firms have recently assessed Oracle's stock. For example, Mizuho raised its target price from $185.00 to $210.00, giving the stock an “outperform” rating as of December 10. BNP Paribas has also upgraded Oracle to a “strong-buy” status in a report dated the same day. Guggenheim has maintained a “buy” rating and set a target price of $220.00. JMP Securities asserted a “market outperform” rating while issuing a target price of $205.00 on January 22. Lastly, Evercore ISI updated their target price from $190.00 to $200.00, giving Oracle an “outperform” rating. Overall, twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating, and one has awarded a strong buy rating. According to MarketBeat.com, Oracle has an average rating categorized as “Moderate Buy” with an average price target of $182.73.

Oracle Stock Performance

On a recent trading day, Oracle's stock opened at $155.89. The company boasts a market capitalization of $436.01 billion, with a price-to-earnings ratio of 38.11 and a price-to-earnings-growth ratio of 3.46. Additionally, it has a beta of 1.07, along with a debt-to-equity ratio of 5.65. The quick ratio and current ratio both stand at 0.81. Oracle's stock has experienced fluctuations with a 50-day moving average price of $167.63 and a 200-day moving average price of $169.30, hitting a one year low of $111.18 and a high of $198.31.

Earnings Report

Oracle recently disclosed its quarterly earnings on December 9, reporting earnings per share (EPS) of $1.47 for the quarter. This figure fell short of analysts' expectations by $0.01, as the consensus estimate was $1.48. The company reported a net margin of 21.16% and a remarkable return on equity of 133.25%. In terms of revenue, Oracle earned $14.06 billion, while analysts had anticipated $14.12 billion. Notably, this revenue reflects an 8.6% increase compared to the previous year. Analysts estimate that Oracle will achieve EPS of 5 for the current year.

Dividend Announcement

Oracle also revealed a quarterly dividend, which was distributed on January 9. Shareholders of record as of January 23 received a dividend of $0.40 per share, indicating an annualized dividend total of $1.60 and a yield of 1.03%. The ex-dividend date was January 10, and currently, Oracle's payout ratio is 39.12%.

Insider Trading

In other news regarding Oracle, CEO Safra Catz sold 345,174 shares of the company on January 24 at an average price of $185.56, totaling approximately $64,050,487.44 for the transaction. Following this sale, Catz retains direct ownership of 1,118,592 shares valued at around $207,565,931.52. This sale corresponds to a 23.58% reduction in her position. The details of this transaction were filed with the SEC and are accessible to the public. Currently, corporate insiders own 42.20% of the stock.

About Oracle Corporation

Oracle Corporation offers a wide array of products and services that cater to enterprise information technology environments on a global scale. The company’s cloud software services include various applications like Oracle Fusion cloud ERP, enterprise performance management, supply chain management, human capital management, Oracle Cerner healthcare solutions, and more.

Investment, Stocks, Oracle