Confluence Wealth Services Inc. Purchases 343 Shares of Oracle Co. (NYSE:ORCL)

Confluence Wealth Services Inc. lifted its position in Oracle Co. (NYSE:ORCL) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,286 shares of the enterprise software provider’s stock after purchasing an additional 343 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Oracle were worth $915,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ORCL. Strategic Blueprint LLC increased its stake in Oracle by 5.1% in the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock valued at $432,000 after acquiring an additional 197 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its stake in Oracle by 106.5% in the third quarter. Arthur M. Cohen & Associates LLC now owns 4,643 shares of the enterprise software provider’s stock valued at $492,000 after acquiring an additional 2,395 shares during the last quarter. HCR Wealth Advisors increased its stake in Oracle by 253.6% in the third quarter. HCR Wealth Advisors now owns 23,364 shares of the enterprise software provider’s stock valued at $2,475,000 after acquiring an additional 16,756 shares during the last quarter. Golden State Equity Partners boosted its position in Oracle by 52.4% during the third quarter. Golden State Equity Partners now owns 11,496 shares of the enterprise software provider’s stock valued at $1,218,000 after buying an additional 3,953 shares during the period. Finally, Avestar Capital LLC boosted its position in Oracle by 5.2% during the third quarter. Avestar Capital LLC now owns 6,975 shares of the enterprise software provider’s stock valued at $739,000 after buying an additional 343 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Piper Sandler cut their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the 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 Trading Down 2.4 %

ORCL stock traded down $2.74 during trading on Tuesday, reaching $113.75. The company had a trading volume of 6,232,464 shares, compared to its average volume of 8,411,357. Oracle Co. has a 52 week low of $93.85 and a 52 week high of $132.77. The company has a market cap of $312.64 billion, a P/E ratio of 30.01, a PEG ratio of 2.35 and a beta of 1.01. The business has a 50 day moving average of $119.63 and a 200 day moving average of $113.25. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

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.