1,952 Shares in Oracle Co. (NYSE:ORCL) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,952 shares of the enterprise software provider’s stock, valued at approximately $325,000.

Other institutional investors have also recently added to or reduced their stakes in the company. 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. McClarren Financial Advisors Inc. raised its position in Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares during the period. RMR Wealth Builders raised its position in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC raised its position in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the period. Finally, Crews Bank & Trust purchased a new stake in Oracle in the fourth quarter valued at $1,800,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORCL shares. Piper Sandler cut their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Guggenheim reissued a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. Citigroup lowered their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.20.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Stock Up 0.2 %

Shares of NYSE ORCL opened at $152.78 on Friday. The business has a 50-day moving average price of $164.90 and a 200 day moving average price of $169.77. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $427.31 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31.

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

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.31%. Oracle’s dividend payout ratio is currently 46.95%.

Oracle 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.