GPM Growth Investors Inc. Has $5.39 Million Position in Oracle Co. (NYSE:ORCL)

GPM Growth Investors Inc. boosted its stake in Oracle Co. (NYSE:ORCL) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,130 shares of the enterprise software provider’s stock after acquiring an additional 1,352 shares during the quarter. Oracle makes up approximately 2.5% of GPM Growth Investors Inc.’s holdings, making the stock its 18th largest position. GPM Growth Investors Inc.’s holdings in Oracle were worth $5,391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. Sandy Spring Bank raised its holdings in shares of Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after acquiring an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares during the last quarter. Quantum Private Wealth LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at about $229,000. Cooper Financial Group increased its holdings in Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in Oracle during the fourth quarter valued at approximately $171,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the company’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 value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $2.63 during trading on Tuesday, hitting $113.86. 2,277,626 shares of the stock were exchanged, compared to its average volume of 8,362,203. The company has a market capitalization of $312.94 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1-year low of $93.85 and a 1-year high of $132.77. The company’s fifty day simple moving average is $119.52 and its 200-day simple moving average is $113.21.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. 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 previous year, the company earned $0.96 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect 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 was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, Piper Sandler cut their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Company Profile

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.