Pittenger & Anderson Inc. Acquires 16,245 Shares of Oracle Co. (NYSE:ORCL)

Pittenger & Anderson Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 59.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,463 shares of the enterprise software provider’s stock after purchasing an additional 16,245 shares during the period. Pittenger & Anderson Inc.’s holdings in Oracle were worth $7,243,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. R Squared Ltd bought a new position in Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. TFC Financial Management Inc. grew its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter worth approximately $44,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. BMO Capital Markets upped their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Piper Sandler upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 0.2 %

Oracle stock opened at $173.50 on Monday. The firm has a 50-day moving average of $169.33 and a 200-day moving average of $165.99. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.34 earnings per share. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 42.20% 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.