Diversified Portfolios Inc. Increases Stake in Oracle Co. (NYSE:ORCL)

Diversified Portfolios Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,784 shares of the enterprise software provider’s stock after purchasing an additional 161 shares during the period. Diversified Portfolios Inc.’s holdings in Oracle were worth $297,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Oracle by 13.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider’s stock valued at $91,395,000 after buying an additional 65,980 shares during the last quarter. Kentucky Trust Co bought a new stake in shares of Oracle in the 4th quarter valued at about $442,000. Gladstone Institutional Advisory LLC boosted its holdings in Oracle by 26.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 34,661 shares of the enterprise software provider’s stock valued at $5,776,000 after acquiring an additional 7,208 shares during the period. TFB Advisors LLC grew its position in Oracle by 8.3% during the 4th quarter. TFB Advisors LLC now owns 5,873 shares of the enterprise software provider’s stock worth $979,000 after acquiring an additional 451 shares during the last quarter. Finally, Capital Advisors Inc. OK increased its stake in Oracle by 4.4% in the 4th quarter. Capital Advisors Inc. OK now owns 23,736 shares of the enterprise software provider’s stock worth $3,955,000 after purchasing an additional 1,006 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.0 %

Oracle stock opened at $177.18 on Wednesday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market capitalization of $495.57 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The business’s fifty day simple moving average is $170.25 and its two-hundred day simple moving average is $165.24. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on ORCL shares. DA Davidson increased their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.