Oracle Co. (NYSE:ORCL) Shares Acquired by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,867 shares of the enterprise software provider’s stock after purchasing an additional 179 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in Oracle were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Norges Bank purchased a new stake in shares of Oracle during the 4th quarter worth $2,216,314,000. Raymond James Financial Inc. acquired a new stake in Oracle in the fourth quarter valued at $930,095,000. Vanguard Group Inc. raised its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock worth $512,909,000 after buying an additional 2,242,520 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 3.2%

NYSE ORCL opened at $162.29 on Wednesday. The stock has a market capitalization of $453.92 billion, a P/E ratio of 39.68, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31. The firm has a 50-day moving average price of $142.26 and a 200 day moving average price of $162.76. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated 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 transaction, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORCL shares. KeyCorp reissued an “overweight” rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. BMO Capital Markets lowered their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Westpark Capital started coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. Finally, Piper Sandler reissued a “neutral” rating and issued a $130.00 price target (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Fourteen 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.