Oracle Co. (NYSE:ORCL) Shares Bought by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC lifted its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,165 shares of the enterprise software provider’s stock after purchasing an additional 234 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Oracle were worth $2,194,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ORCL. Activest Wealth Management raised its position in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC boosted its holdings in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the period. Cadence Bank grew its holdings in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares during the last quarter. Requisite Capital Management LLC lifted its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after buying an additional 60 shares during the period. Finally, McLean Asset Management Corp boosted its stake in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORCL. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. DA Davidson boosted their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Get Our Latest Stock Report on Oracle

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.9 %

NYSE ORCL opened at $168.60 on Tuesday. The company has a market capitalization of $471.57 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The company’s 50-day simple moving average is $171.89 and its two-hundred day simple moving average is $163.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. Oracle’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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