St. Clair Advisors LLC Acquires New Stake in Oracle Co. (NYSE:ORCL)

St. Clair Advisors LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,700 shares of the enterprise software provider’s stock, valued at approximately $283,000.

A number of other large investors also recently bought and sold shares of ORCL. Hennion & Walsh Asset Management Inc. raised its position in Oracle by 25.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider’s stock valued at $1,552,000 after purchasing an additional 1,884 shares in the last quarter. Capital & Planning LLC raised its position in Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after purchasing an additional 81 shares in the last quarter. Sax Wealth Advisors LLC raised its position in Oracle by 16.3% during the 4th quarter. Sax Wealth Advisors LLC now owns 3,987 shares of the enterprise software provider’s stock valued at $664,000 after purchasing an additional 559 shares in the last quarter. Ameritas Advisory Services LLC raised its position in Oracle by 29.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 29,256 shares of the enterprise software provider’s stock valued at $4,875,000 after purchasing an additional 6,732 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of Oracle by 4.9% in the 4th quarter. Financial Management Professionals Inc. now owns 2,306 shares of the enterprise software provider’s stock worth $384,000 after acquiring an additional 107 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 research analysts have recently commented on the company. Jefferies Financial Group reduced their price target on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, March 31st. 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. DA Davidson reduced their price target on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Morgan Stanley reduced their price target on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $174.42.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last quarter. 42.20% of the stock is currently owned by insiders.

Oracle Stock Up 0.6%

Oracle stock opened at $160.31 on Monday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50-day simple moving average is $142.91 and its two-hundred day simple moving average is $162.45. The company has a market cap of $448.39 billion, a PE ratio of 39.20, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate 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. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. Oracle’s dividend payout ratio is presently 46.95%.

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.