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IndexIQ Advisors LLC Makes New Investment in Oracle Co. (NYSE:ORCL) - Defense World

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Date: 2022-08-13 09:58:05

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Oracle logoIndexIQ Advisors LLC bought a new position in Oracle Co. (NYSE:ORCLGet Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,781 shares of the enterprise software provider’s stock, valued at approximately $147,000.

Other institutional investors have also bought and sold shares of the company. Rational Advisors LLC raised its position in shares of Oracle by 1.1% during the 4th quarter. Rational Advisors LLC now owns 11,083 shares of the enterprise software provider’s stock valued at $967,000 after buying an additional 126 shares during the period. Regal Investment Advisors LLC raised its position in shares of Oracle by 1.4% during the 4th quarter. Regal Investment Advisors LLC now owns 8,964 shares of the enterprise software provider’s stock valued at $782,000 after buying an additional 126 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of Oracle by 2.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 5,041 shares of the enterprise software provider’s stock valued at $417,000 after buying an additional 126 shares during the period. Smith Moore & CO. raised its position in shares of Oracle by 1.0% during the 4th quarter. Smith Moore & CO. now owns 13,075 shares of the enterprise software provider’s stock valued at $1,140,000 after buying an additional 135 shares during the period. Finally, Dividend Assets Capital LLC raised its position in shares of Oracle by 14.0% during the 1st quarter. Dividend Assets Capital LLC now owns 1,125 shares of the enterprise software provider’s stock valued at $93,000 after buying an additional 138 shares during the period. 42.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Daiwa Capital Markets dropped their target price on shares of Oracle from $87.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, June 27th. Citigroup set a $81.00 target price on shares of Oracle in a report on Monday, June 20th. Exane BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Wednesday, June 29th. Finally, Morgan Stanley lifted their target price on shares of Oracle from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $89.77.

Insider Activity

In other news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total value of $66,870,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Screven sold 419,174 shares of the stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,399,174 shares of company stock valued at $232,369,224. Insiders own 39.10% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $79.15 on Friday. Oracle Co. has a 1-year low of $63.76 and a 1-year high of $106.34. The stock has a market cap of $210.93 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.19 and a beta of 0.87. The firm has a fifty day moving average price of $72.07 and a 200 day moving average price of $75.42.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Oracle’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 4.43 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. Oracle’s payout ratio is 53.33%.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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Original Source: https://www.defenseworld.net/2022/08/13/indexiq-advisors-llc-makes-new-investment-in-oracle-co-nyseorcl.html