Buckley Wealth Management LLC Buys 265 Shares of Oracle Co. (NYSE:ORCL)

Buckley Wealth Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,589 shares of the enterprise software provider’s stock after purchasing an additional 265 shares during the quarter. Buckley Wealth Management LLC’s holdings in Oracle were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Fairfield Bush & CO. lifted its holdings in shares of Oracle by 3.1% during the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares in the last quarter. AMI Investment Management Inc. increased its position in Oracle by 2.9% during the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after acquiring an additional 579 shares during the last quarter. Baird Financial Group Inc. increased its position in Oracle by 29.2% during the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after acquiring an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. increased its position in Oracle by 79.6% during the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Covestor Ltd increased its position in Oracle by 125.2% during the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Oracle stock traded down $1.19 during midday trading on Wednesday, reaching $125.28. 8,112,225 shares of the stock traded hands, compared to its average volume of 9,259,414. The stock’s fifty day moving average is $116.00 and its 200-day moving average is $111.37. Oracle Co. has a 12 month low of $89.48 and a 12 month high of $132.77. The stock has a market cap of $344.33 billion, a P/E ratio of 33.03, a PEG ratio of 2.44 and a beta of 1.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Oracle’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ORCL shares. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. 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 report on Tuesday, March 12th. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.