Oracle Co. (NYSE:ORCL) Stock Holdings Increased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 68.5% during the 4th quarter, Holdings Channel reports. The fund owned 3,640 shares of the enterprise software provider’s stock after purchasing an additional 1,480 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Oracle were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Fairfield Bush & CO. increased its position in shares of Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares during the period. AMI Investment Management Inc. grew its holdings in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after acquiring an additional 579 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after acquiring an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in shares of Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after acquiring an additional 1,109 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value 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 document filed with the SEC, which is available through this hyperlink. 42.80% of the stock is owned by company insiders.

Oracle Trading Up 0.2 %

Oracle stock traded up $0.29 during mid-day trading on Thursday, hitting $125.56. 6,586,560 shares of the company’s stock were exchanged, compared to its average volume of 9,215,633. The firm has a market capitalization of $345.10 billion, a P/E ratio of 33.13, a PEG ratio of 2.45 and a beta of 1.00. Oracle Co. has a fifty-two week low of $89.71 and a fifty-two week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company’s 50 day simple moving average is $116.38 and its 200-day simple moving average is $111.47.

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, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ORCL shares. Morgan Stanley decreased their target price on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. KeyCorp assumed coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.