TRUE Private Wealth Advisors Purchases 979 Shares of Oracle Co. (NYSE:ORCL)

TRUE Private Wealth Advisors boosted its position in shares of Oracle Co. (NYSE:ORCL) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,019 shares of the enterprise software provider’s stock after purchasing an additional 979 shares during the period. TRUE Private Wealth Advisors’ holdings in Oracle were worth $635,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Norges Bank bought a new position in shares of Oracle in the 4th quarter valued at about $1,409,896,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Oracle by 112,785.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after acquiring an additional 10,822,934 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Oracle by 9.6% during the fourth 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 period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.80% of the stock is currently owned by insiders.

Oracle Trading Down 1.6 %

Shares of ORCL stock opened at $118.67 on Thursday. The company has a market capitalization of $326.16 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01. The company has a 50-day simple moving average of $119.28 and a two-hundred day simple moving average of $112.78. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors 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 1.35%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 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.