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

Retirement Solution LLC has made a new investment in Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, as indicated in the company’s latest filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,824 shares of Oracle's stock, which represents an investment of approximately $304,000.

Several other institutional investors have also engaged in buying and selling Oracle shares. For instance, R Squared Ltd established a new position in Oracle worth about $25,000 in the fourth quarter. Winch Advisory Services LLC significantly increased its holdings in Oracle by 89.7% during the same period, bringing their total to 184 shares valued at $31,000 after acquiring an additional 87 shares. Synergy Investment Management LLC purchased a new position in Oracle for $34,000, while TFC Financial Management Inc. raised its shares by 129.0%, now owning 213 shares worth approximately $35,000 after buying an extra 120 shares. Additionally, Synergy Asset Management LLC invested $47,000 in Oracle during the fourth quarter. Together, institutional investors hold about 42.44% of Oracle’s stock.

Analyst Upgrades and Downgrades

Recently, various research firms have provided updates on Oracle stock. Mizuho increased its price target from $185.00 to $210.00, rating Oracle as "outperform." Meanwhile, BNP Paribas upgraded Oracle to "strong buy" status. Guggenheim reaffirmed a "buy" rating and set a price target of $220.00. JMP Securities also reiterated a "market outperform" rating with a target price of $205.00. Furthermore, Evercore ISI raised its price target from $190.00 to $200.00 while maintaining an "outperform" rating. Currently, twelve research analysts rated the stock with a hold recommendation, eighteen analysts have a buy rating, and one has assigned a strong buy rating, resulting in an average rating of "Moderate Buy" and a price target of $182.73 based on data from MarketBeat.com.

Oracle Price Performance

On Friday, Oracle shares opened at $155.89, and the company has a market capitalization of $436.01 billion. The stock has a price-to-earnings ratio of 38.11 and a price-to-earnings-growth ratio of 3.46, with a beta of 1.07. Oracle’s debt-to-equity ratio stands at 5.65, and both its quick and current ratios are at 0.81. The 50-day moving average price is $167.63, while the 200-day moving average price is $169.30. The stock reached a one-year low of $111.18, and its highest point was $198.31.

Recent Earnings Announcement

Oracle (NYSE:ORCL - Get Free Report) disclosed its earnings data for the latest quarter on December 9th. The enterprise software company reported earnings of $1.47 per share (EPS), slightly below the analysts' forecast of $1.48 by $0.01. Oracle recorded a net margin of 21.16% and an impressive return on equity of 133.25%. The revenue for the quarter was $14.06 billion, edging below the expected $14.12 billion. Compared to the same quarter last year, where Oracle reported $1.34 EPS, the company saw an 8.6% increase in revenue. Predictions from equity analysts suggest Oracle will post an EPS of 5 for the current year.

Oracle's Dividend Proposal

Furthermore, Oracle announced a quarterly dividend, which was distributed on January 9th. Investors who were on record by January 23rd received a dividend of $0.40 per share, equating to an annualized dividend of $1.60, offering a yield of 1.03%. The ex-dividend date for this distribution was January 10th, and Oracle's current payout ratio is 39.12%.

Insider Trading Activity

In related news, CEO Safra Catz sold 345,174 shares of Oracle on January 24th, at an average price of $185.56, totaling approximately $64 million from the transaction. Following this trade, Catz retains a total of 1,118,592 shares in Oracle, valued at over $207 million. This sale represented a 23.58% reduction in her holdings. Such transactions have been reported to the SEC, highlighting that corporate insiders own around 42.20% of Oracle's stock.

Company Overview

Oracle Corporation is known for providing various products and services that cater to enterprise technology environments globally. Its offerings include cloud software applications such as Oracle Fusion Cloud ERP, Oracle Fusion Cloud Performance Management, Oracle Fusion Cloud Supply Chain Management, and many others, focusing on different business needs.

Investment, Oracle, Stocks