Oracle Co. (NYSE:ORCL) Shares Acquired by Martin Capital Advisors LLP

Martin Capital Advisors LLP lifted its stake in Oracle Co. (NYSE:ORCL) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,783 shares of the enterprise software provider’s stock after purchasing an additional 170 shares during the quarter. Oracle comprises about 1.5% of Martin Capital Advisors LLP’s portfolio, making the stock its 22nd largest holding. Martin Capital Advisors LLP’s holdings in Oracle were worth $1,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ORCL. Orion Capital Management LLC acquired a new stake in shares of Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC increased its holdings in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its stake in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on 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 completion of 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 legal filing with the SEC, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.12 during trading on Friday, reaching $114.88. The stock had a trading volume of 8,168,869 shares, compared to its average volume of 8,593,083. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The stock has a market cap of $315.75 billion, a PE ratio of 30.66, a PEG ratio of 2.30 and a beta of 1.01. The business has a fifty day moving average price of $119.27 and a 200-day moving average price of $112.80.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. On average, equities 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 will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. Piper Sandler cut their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Oppenheimer began coverage on shares of Oracle in a report on Thursday. They set a “market perform” rating for the company. BMO Capital Markets upped their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. HSBC lifted their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, The Goldman Sachs Group upped their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

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.