Clarus Wealth Advisors Acquires New Holdings in Oracle Co. (NYSE:ORCL)

Clarus Wealth Advisors acquired a new stake in Oracle Co. (NYSE:ORCL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,903 shares of the enterprise software provider’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Oracle in the 4th quarter valued at approximately $25,000. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter valued at approximately $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. increased its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $166.45 on Tuesday. The company’s 50 day moving average is $144.92 and its 200-day moving average is $160.76. Oracle Co. has a 12-month low of $117.34 and a 12-month 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 firm has a market cap of $465.55 billion, a P/E ratio of 40.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Jefferies Financial Group decreased their price objective on shares of Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Evercore ISI decreased their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $174.42.

About Oracle

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.