Jump Financial LLC increased its stake in Oracle Co. by 6.6% during the fourth quarter, adding 294 shares to bring their total holdings to 4,741 shares worth $500,000. Other institutional investors and hedge funds have also made changes to their positions in Oracle. Orion Capital Management LLC purchased a new position, while other firms increased their holdings or purchased new stakes. In total, institutional investors currently hold 42.44% of the capital.
Oracle shares opened at $124.61 on Thursday, with a 52-week low of $97.29 and a high of $132.77. The company has a market capitalization of $342.49 billion, a P/E ratio of 32.88, and a beta of 1.03. Oracle recently reported earnings of $1.41 per share for the quarter, beating analyst estimates and showing a 7.1% increase in revenue year over year.
The company also announced a quarterly dividend, with investors receiving $0.40 per share. Wall Street analysts have expressed positive views on Oracle, with several upgrading the stock to a buy rating. Insiders have been active in selling Oracle stock, with CEO Safra Catz and Director George H. Conrades both making significant sales.
Oracle Corporation offers a range of products and services for enterprise information technology environments globally, with a focus on cloud software applications. The company’s offerings include ERP, enterprise performance management, supply chain management, human capital management, healthcare, advertising, and various other applications.
In conclusion, Oracle continues to attract investor interest with positive earnings, dividend announcements, and analyst upgrades. The company’s focus on cloud software applications and strong financial performance have contributed to its success in the market. Insiders selling stock may raise some concerns, but overall, Oracle remains a strong player in the enterprise software industry.
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