Everence Capital Management Inc. Increases Stake in Oracle Co. (NYSE:ORCL)

Everence Capital Management Inc. boosted its stake in Oracle Co. (NYSE:ORCL) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,282 shares of the enterprise software provider’s stock after buying an additional 16,000 shares during the period. Oracle makes up approximately 0.6% of Everence Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Everence Capital Management Inc.’s holdings in Oracle were worth $8,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new position in Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of Oracle in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL traded up $0.74 during trading on Tuesday, hitting $120.62. The company’s stock had a trading volume of 6,979,086 shares, compared to its average volume of 8,641,536. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The firm has a market cap of $331.52 billion, a PE ratio of 31.63, a P/E/G ratio of 2.34 and a beta of 1.01. The business’s 50 day simple moving average is $119.15 and its 200-day simple moving average is $112.63.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period last year, the company posted $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ORCL shares. Piper Sandler cut their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

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.