JTC Employer Solutions Trustee Ltd Has $885,000 Stake in Oracle Co. (NYSE:ORCL)

JTC Employer Solutions Trustee Ltd raised its stake in shares of Oracle Co. (NYSE:ORCL) by 23.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,328 shares of the enterprise software provider’s stock after purchasing an additional 1,199 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Oracle were worth $885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in Oracle in the fourth quarter valued at about $25,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new position in Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new position in Oracle in the fourth quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. boosted its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $165.03 on Friday. Oracle Co. has a 52 week low of $117.34 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a fifty day simple moving average of $144.55 and a two-hundred day simple moving average of $161.07. The firm has a market capitalization of $461.58 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 in the last 90 days. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ORCL shares. Piper Sandler reiterated a “neutral” rating and issued a $130.00 target price (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. BMO Capital Markets decreased their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price for the company. Barclays dropped their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $174.42.

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.