Tempus Wealth Planning LLC Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Tempus Wealth Planning LLC raised its stake in Oracle Co. (NYSE:ORCLFree Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,165 shares of the enterprise software provider’s stock after buying an additional 234 shares during the period. Tempus Wealth Planning LLC’s holdings in Oracle were worth $2,194,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Flavin Financial Services Inc. acquired a new stake in shares of Oracle in the fourth quarter worth approximately $2,720,000. Patron Partners LLC increased its holdings in shares of Oracle by 3.2% during the 4th quarter. Patron Partners LLC now owns 3,786 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 119 shares during the last quarter. Columbus Macro LLC boosted its holdings in Oracle by 31.4% in the fourth quarter. Columbus Macro LLC now owns 2,373 shares of the enterprise software provider’s stock valued at $395,000 after acquiring an additional 567 shares during the last quarter. abrdn plc raised its holdings in shares of Oracle by 8.1% in the 4th quarter. abrdn plc now owns 999,605 shares of the enterprise software provider’s stock worth $166,384,000 after purchasing an additional 75,208 shares during the period. Finally, Paul R. Ried Financial Group LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $500,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Price Performance

NYSE:ORCL opened at $168.60 on Tuesday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. 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 business’s 50-day moving average price is $171.89 and its 200 day moving average price is $163.58. The firm has a market cap of $471.57 billion, a P/E ratio of 41.22, a PEG ratio of 3.35 and a beta of 1.05.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the company posted $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s dividend payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Guggenheim lifted their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Get Our Latest Stock Analysis on Oracle

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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