Oracle Co. (NYSE:ORCL) Shares Purchased by ERn Financial LLC

ERn Financial LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,738 shares of the enterprise software provider’s stock after purchasing an additional 314 shares during the period. ERn Financial LLC’s holdings in Oracle were worth $1,385,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LVM Capital Management Ltd. MI boosted its position in Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after buying an additional 200 shares during the period. Quantum Private Wealth LLC purchased a new stake in shares of Oracle during the 3rd quarter worth $229,000. Cooper Financial Group lifted its position in shares of Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares during the last quarter. Greenfield Savings Bank lifted its position in shares of Oracle by 7.8% during the 3rd quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock worth $957,000 after purchasing an additional 656 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth $85,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Wolfe Research cut their price target on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by insiders.

Oracle Stock Performance

Shares of Oracle stock traded up $0.34 on Friday, reaching $125.61. 6,587,431 shares of the stock were exchanged, compared to its average volume of 12,446,397. Oracle Co. has a 1-year low of $89.71 and a 1-year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a fifty day moving average price of $116.72 and a two-hundred day moving average price of $111.56. The firm has a market capitalization of $345.24 billion, a PE ratio of 33.14, a PEG ratio of 2.43 and a beta of 1.00.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

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.