Tanager Wealth Management LLP Makes New $223,000 Investment in Oracle Co. (NYSE:ORCL)

Tanager Wealth Management LLP bought a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,114 shares of the enterprise software provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. State Street Corp increased its position in shares of Oracle by 2.6% during the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock worth $5,815,566,000 after purchasing an additional 1,570,528 shares during the last quarter. Morgan Stanley increased its position in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after purchasing an additional 1,794,080 shares during the last quarter. Northern Trust Corp increased its position in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Finally, Norges Bank purchased a new position in Oracle during the 4th quarter valued at about $1,409,896,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ORCL. Erste Group Bank restated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Oppenheimer began coverage on Oracle in a report on Thursday. They set a “market perform” rating for the company. Piper Sandler lowered their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, 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 filing with the SEC, which is available at this link. 42.80% of the stock is currently owned by corporate insiders.

Oracle Stock Down 1.0 %

Shares of NYSE ORCL traded down $1.11 during midday trading on Friday, hitting $114.89. 8,250,334 shares of the company’s stock were exchanged, compared to its average volume of 8,594,157. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a market cap of $315.78 billion, a PE ratio of 30.66, a P/E/G ratio of 2.30 and a beta of 1.01. The firm’s fifty day simple moving average is $119.27 and its 200-day simple moving average is $112.80.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping 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 business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the company earned $0.96 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.