Oracle Co. (NYSE:ORCL) Shares Purchased by Cassady Schiller Wealth Management LLC

Cassady Schiller Wealth Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 6.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,879 shares of the enterprise software provider’s stock after buying an additional 112 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Oracle were worth $313,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ORCL. Raymond James Financial Inc. purchased a new stake in Oracle in the 4th quarter valued at $930,095,000. Polen Capital Management LLC grew its holdings in Oracle by 22.3% in the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after buying an additional 1,955,764 shares in the last quarter. Franklin Resources Inc. grew its holdings in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. State Street Corp grew its holdings in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Finally, Amundi grew its holdings in Oracle by 15.2% in the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after buying an additional 1,623,609 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of Oracle in a report on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Piper Sandler reduced their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

Oracle Trading Up 1.2 %

NYSE:ORCL opened at $149.36 on Monday. The stock’s 50 day moving average price is $165.80 and its 200 day moving average price is $169.85. The company has a market capitalization of $417.76 billion, a PE ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $112.78 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

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.