Duncan Williams Asset Management Increases Stake in Oracle Corporation

Duncan Williams Asset Management LLC has significantly increased its investment in Oracle Corporation (NYSE:ORCL) by 141.1% during the fourth quarter. According to their latest 13F filing with the Securities and Exchange Commission, the asset management firm now holds 3,076 shares of Oracle after acquiring an additional 1,800 shares in this period. The value of their holdings in Oracle is approximately $513,000 as per the most recent filing.

Recent Changes by Other Hedge Funds

Other institutional investors have also adjusted their positions in Oracle. For instance, Susquehanna Fundamental Investments LLC made a new investment in the company in the second quarter, valued around $1,516,000. Additionally, Susquehanna International Group Ltd. purchased a new stake worth approximately $4,597,000 during the same timeframe. Meanwhile, Oliver Lagore Vanvalin Investment Group increased its stake in Oracle by 10.1%, owning 9,374 shares worth $1,324,000 after acquiring an additional 857 shares. Texas Capital Bank Wealth Management Services Inc. also raised its holdings in Oracle by 2.1%, now owning 67,451 shares valued at $9,524,000 after buying 1,359 shares. Lastly, Kathmere Capital Management LLC grew its stake by 11.4%, ending up with 12,146 shares valued at $1,715,000.

Oracle's Market Performance

As of the latest trading session, shares of Oracle opened at $183.59. The company boasts a market capitalization of $513.50 billion and a price-to-earnings (PE) ratio of 44.89, with a price-to-earnings-growth (PEG) ratio of 3.62 and a beta of 1.06. The fifty-day moving average stands at $174.41, while the 200-day moving average is $162.49. Over the past year, Oracle's stock has fluctuated between a low of $106.51 and a high of $198.31. Its current debt-to-equity ratio is 5.65, with both a current and quick ratio of 0.81.

Quarterly Earnings Results

On December 9, Oracle announced its quarterly earnings results. The company reported an earnings per share (EPS) of $1.47, slightly below the consensus estimate of $1.48. Oracle maintained a net margin of 21.16% and a remarkable return on equity at 133.25%. The firm's revenue reached $14.06 billion, falling short of analyst expectations of $14.12 billion. However, this revenue represents an 8.6% increase year-over-year.

Dividend Information

Recently, Oracle declared a quarterly dividend of $0.40 per share, which was distributed on January 9. Shareholders as of January 23 received this dividend, marking an annualized dividend yield of 0.87%. The ex-dividend date was January 10, and Oracle's current dividend payout ratio is 39.12%.

Analyst Ratings

Oracle's stock has drawn attention in various research reports lately. Mizuho raised its price target from $185.00 to $210.00, giving the stock an "outperform" rating. JMP Securities reiterated a "market outperform" rating with a target price of $205.00. Another significant update came from BNP Paribas, which upgraded Oracle to a "strong-buy". However, Monness Crespi & Hardt downgraded the stock from a "neutral" rating to a "sell" with a price target of $130.00. Furthermore, Evercore ISI increased its target price to $200.00, maintaining an "outperform" rating. In total, one analyst has issued a sell rating, eleven have given hold ratings, seventeen have recommended buying, and two have issued a strong buy rating. Presently, the consensus rating for Oracle stands at "Moderate Buy" with an average target price of $182.73.

Insider Transactions

In related news, Oracle's CEO, Safra Catz, recently sold 2,101,154 shares on January 22, at an average price of $185.35, totaling approximately $389.4 million. After this sale, Catz retained around 1,118,592 shares valued at about $207.3 million, indicating a 65.26% decrease in her share ownership. This transaction was publicly documented in an SEC filing. Corporate insiders currently own 42.20% of Oracle's stock.

Company Overview

Oracle Corporation is a leading provider of enterprise software solutions. The company offers a range of cloud software services, including applications for enterprise resource planning (ERP), human capital management, supply chain management, and various other business functions.

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