As of October 12, 2023, Virtu Financial LLC has significantly increased its holdings in Oracle Co. (NYSE:ORCL) during the second quarter, according to the firm’s most recent filing with the Securities and Exchange Commission. The financial institution reported a 710.8% growth in its position, owning 67,101 shares of Oracle’s stock after acquiring an additional 58,825 shares over the quarter. This new ownership represents approximately 0.6% of Virtu Financial LLC’s total holdings and positions Oracle as their 15th largest investment. The value of Virtu Financial LLC’s holdings in Oracle at the end of the quarter amounted to $7,991,000.
Oracle recently released its earnings results on September 11th. For the quarter, the enterprise software provider reported earnings per share (EPS) of $1.19, surpassing the consensus estimate by $0.04 per share. Despite a negative return on equity of 3,631.39%, Oracle managed to achieve a net margin of 18.40%. The company generated $12.45 billion in revenue for the quarter, slightly lower than analyst estimates of $12.48 billion. However, this marked an impressive increase of 8.8% in revenue compared to the same period last year when Oracle posted EPS of $0.81.
Industry analysts anticipate that Oracle Co.’s earnings per share for the current fiscal year will be around 4.5 based on their research and assessments.
Investors are closely monitoring these developments as they evaluate the performance and potential growth opportunities for Oracle Co., a prominent player in enterprise software solutions.
Please note that all information provided in this article is accurate as of October 12, 2023.
Institutional Investors and Hedge Funds Adjust Positions in Oracle: Analyzing Market Performance and Analyst Reports
Institutional investors and hedge funds have been actively adjusting their positions in Oracle, the well-known enterprise software provider. Resources Investment Advisors LLC increased their stake in the company by 34.0% during the first quarter, now owning 18,153 shares valued at $1,687,000. This boost was achieved through the purchase of an additional 4,606 shares. Narus Financial Partners LLC also entered the picture during that same period, acquiring a new position in Oracle worth $327,000.
Garde Capital Inc., another institutional investor, increased its position by 8.2% during the first quarter as well. They now own 7,114 shares valued at $661,000 after adding an additional 540 shares to their portfolio. DGS Capital Management LLC followed suit by raising its stake by 3.1% during the fourth quarter. Their ownership now amounts to 3,991 shares valued at $326,000 after acquiring an additional 120 shares.
Lastly, Cetera Investment Advisers bolstered its position in Oracle by an impressive 45.5% during the fourth quarter. With this increase of ownership they now hold a considerable amount – specifically, 102,427 shares worth $8,372,000 – thanks to their acquisition of an additional 32,033 shares.
Considering these actions taken by institutional investors and hedge funds alike, it is important to note that they currently account for approximately 42.44% of Oracle’s overall stock holdings.
Looking at recent trading activity on October 12th this year on the New York Stock Exchange (NYSE), Oracle Corporation’s stock (NYSE: ORCL) experienced a decrease of $0.38 during trading hours and reached a price of $109.33 per share. The total volume traded for that day amounted to around 3,274,184 shares compared to its average daily volume of approximately 9,094,016 shares. It’s worth noting that this drop in price represents a significant price fluctuation for Oracle.
When assessing the company’s overall market performance, Oracle currently holds a market capitalization of $299.50 billion. Additionally, its price-to-earnings (P/E) ratio stands at 32.66 and its P/E-to-growth (PEG) ratio is recorded at 2.79. These figures indicate how investors perceive the company’s value in relation to its earnings and projected growth potential. Meanwhile, Oracle also has a beta of 1.03, which signifies the stock’s sensitivity to market movements.
As for the company’s stock movement within the past twelve months, Oracle experienced a low point of $62.17 per share and a high point of $127.54 per share over that period.
Furthermore, it was announced by the company recently that it will be providing shareholders with a quarterly dividend on Thursday, October 26th. Shareholders listed on their records as of Thursday, October 12th will be entitled to receive an attractive dividend amounting to $0.40 per share. This translates into an annualized dividend payout of $1.60 and an appealing yield rate of 1.46%. Worth mentioning is the ex-dividend date on Wednesday, October 11th.
In terms of analyst reports concerning Oracle (ORCL), there have been several evaluations conducted by various institutions regarding the stock’s performance and future prospects. Morgan Stanley, for instance, increased their price target from $105.00 to $106.00 while maintaining an “equal weight” rating in their research report released on Tuesday, September 12th.
Conversely, UBS Group lowered their price objective from $140.00 to $135.00 but still assigned a “buy” rating to Oracle in their analysis published on Tuesday, September 12th.
Bank of America took a more positive stance on the stock by raising their price target from $112.00 to $132.00 in their report issued on Tuesday, June 13th.
Similarly, Mizuho reaffirmed their “buy” rating and issued a price objective of $150.00 for Oracle’s shares in their research report released on Tuesday, September 19th.
Lastly, Citigroup increased their price target as well, adjusting it from $121.00 to $138.00 while assigning a “neutral” rating to the company in their analysis published on Monday, September 11th.
According to Bloomberg.com, a platform that provides financial information and analytical tools, Oracle currently holds an average rating of “Moderate Buy” based on data compiled from multiple analyst reports. Additionally, analysts have established a consensus target price of $124.19 for Oracle’s stock.
In conclusion, institutional investors and hedge funds have been actively adjusting their positions in Oracle amid changing market conditions. The recent trading activity of the company’s stock reveals both fluctuations in share prices and trading volume compared to its daily averages.
Furthermore, Oracle declared a quarterly dividend which shareholders can look forward to receiving this month. Analyst reports provide insight into how various institutions assess the company’s performance and assign ratings with corresponding price targets.
Given these recent