KLCM Advisors Inc. Has $383,000 Stock Position in Oracle Co. (NYSE:ORCL)

KLCM Advisors Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,629 shares of the enterprise software provider’s stock after acquiring an additional 501 shares during the quarter. KLCM Advisors Inc.’s holdings in Oracle were worth $383,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Orion Capital Management LLC acquired a new stake in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in Oracle during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its stake 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 buying an additional 216 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.6 %

Shares of NYSE:ORCL traded up $0.74 during midday trading on Wednesday, reaching $120.62. The company had a trading volume of 6,999,959 shares, compared to its average volume of 6,801,563. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market cap of $331.52 billion, a PE ratio of 31.83, a P/E/G ratio of 2.32 and a beta of 1.01. The business’s 50 day moving average price is $119.25 and its 200 day moving average price is $112.73.

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

Oracle Dividend Announcement

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

Insider Transactions at Oracle

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

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Piper Sandler dropped their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.