Bell & Brown Wealth Advisors LLC recently disclosed a new position in Oracle Co. during the fourth quarter. The fund acquired 30,739 shares of the enterprise software provider, with an estimated value of $3,241,000. This purchase now represents about 1.5% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making it the 23rd largest holding in their portfolio.
In addition to Bell & Brown Wealth Advisors LLC, other hedge funds have also been active in trading Oracle shares. Norges Bank acquired a new stake in Oracle worth $1,210,181,000. Wellington Management Group LLP significantly increased its holdings of Oracle shares by 9,299.3% during the third quarter, now owning 8,170,999 shares valued at $865,472,000. Vanguard Group Inc. and Boston Partners also saw substantial increases in their holdings of Oracle shares. DNB Asset Management AS also significantly increased its holdings in Oracle during the fourth quarter. In total, institutional investors now own 42.44% of the company’s shares.
In terms of insider trading, Director George H. Conrades sold 20,000 shares of Oracle in a recent transaction, with an average price of $116.00 per share, totaling $2,320,000. CEO Safra Catz also sold 790,000 shares of the company’s stock, with an average price of $126.54 per share, totaling $99,966,600. Overall, insiders have sold 880,000 shares of company stock in the last ninety days, representing 42.80% of the shares owned by insiders.
On the analyst front, several research firms have shared their opinions on Oracle. The consensus rating for Oracle is currently a “Moderate Buy,” with a consensus price target of $130.76. The company’s shares fell by 1.0% during trading hours, closing at $122.91.
Oracle recently released its quarterly earnings, reporting $1.41 earnings per share for the quarter, beating analysts’ estimates. The company had a net margin of 20.27% and a return on equity of 336.11%. Analysts forecast that Oracle will post earnings of $4.44 per share for the current fiscal year.
In terms of dividends, Oracle declared a quarterly dividend of $0.40 per share, paid on April 24. Shareholders of record on April 10 received this dividend, representing an annualized dividend of $1.60 and a dividend yield of 1.30%.
Oracle Corporation offers a range of products and services that cater to enterprise information technology environments globally. The company’s Oracle Cloud Software-as-a-Service offering includes various cloud software applications, such as Oracle Fusion Cloud ERP, Oracle Fusion Cloud EPM, and Oracle Fusion Cloud SCM, among others.
Overall, Oracle remains a prominent player in the enterprise software industry, with strong investor interest and analyst ratings backing its position in the market. With a diverse portfolio of products and services, Oracle continues to attract institutional investors and insiders alike, making it a key player to watch in the coming months.
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