6,061 Shares in Oracle Co. (NYSE:ORCL) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,061 shares of the enterprise software provider’s stock, valued at approximately $856,000.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. Capital World Investors grew its holdings in shares of Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the last quarter. PineStone Asset Management Inc. increased its stake in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after buying an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Oracle by 97.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after buying an additional 2,093,893 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Oracle by 30,724.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,056,289 shares of the enterprise software provider’s stock valued at $216,795,000 after buying an additional 2,049,618 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,573,181 shares of company stock worth $225,338,245. 42.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Piper Sandler upped their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Oracle Trading Up 1.1 %

Shares of Oracle stock opened at $168.11 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The firm’s 50 day simple moving average is $143.76 and its two-hundred day simple moving average is $133.07. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $465.83 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio is currently 43.13%.

About Oracle

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