Oracle Co. (NYSE:ORCL) Shares Acquired by Family Firm Inc.

Family Firm Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 29.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,569 shares of the enterprise software provider’s stock after purchasing an additional 355 shares during the quarter. Family Firm Inc.’s holdings in Oracle were worth $262,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ORCL. Howard Capital Management Group LLC raised its position in shares of Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares during the period. Impax Asset Management Group plc raised its position in Oracle by 2.3% in the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock valued at $395,295,000 after purchasing an additional 53,128 shares during the period. Principal Financial Group Inc. raised its position in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. United Bank raised its position in Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after purchasing an additional 519 shares during the period. Finally, MQS Management LLC purchased a new position in Oracle in the third quarter valued at about $277,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several research reports. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a research report on Tuesday. Stifel Nicolaus cut their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday. Bank of America cut their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday. Piper Sandler dropped their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Twelve equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.71.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

ORCL opened at $149.36 on Friday. The business’s 50 day moving average is $165.80 and its 200-day moving average is $169.41. The stock has a market cap of $417.76 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.34%. Oracle’s payout ratio is presently 39.12%.

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.