TRUE Private Wealth Advisors Boosts Stock Position in Oracle Co. (NYSE:ORCL)

TRUE Private Wealth Advisors increased its stake in shares of Oracle Co. (NYSE:ORCL) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 6,019 shares of the enterprise software provider’s stock after buying an additional 979 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Oracle were worth $635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Fairfield Bush & CO. increased its stake in Oracle by 3.1% during the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after acquiring an additional 2,221 shares during the last quarter. AMI Investment Management Inc. raised its holdings in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after purchasing an additional 579 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares during the period. Zions Bancorporation N.A. raised its holdings in shares of Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 1.6 %

Shares of ORCL opened at $118.67 on Thursday. The company has a market capitalization of $326.16 billion, a P/E ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The business’s 50 day simple moving average is $119.28 and its 200-day simple moving average is $112.78.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict 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. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler cut their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Erste Group Bank restated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. KeyCorp began coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Finally, BMO Capital Markets boosted 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. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 42.80% of the company’s stock.

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.