Resonant Capital Advisors LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Resonant Capital Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,044 shares of the enterprise software provider’s stock after acquiring an additional 1,335 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Oracle were worth $2,535,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. boosted its stake in shares of Oracle by 3.1% during the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares in the last quarter. AMI Investment Management Inc. boosted its position in Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after acquiring an additional 579 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after acquiring an additional 132,920 shares during the period. Zions Bancorporation N.A. increased its holdings in shares of Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares during the period. Finally, Covestor Ltd raised its position in shares of Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after acquiring an additional 1,109 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Oppenheimer initiated coverage on Oracle in a research report on Thursday. They set a “market perform” rating for the company. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. HSBC raised their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

NYSE ORCL traded down $1.20 on Friday, hitting $114.80. The company had a trading volume of 5,063,176 shares, compared to its average volume of 8,548,489. The company has a market capitalization of $315.53 billion, a PE ratio of 30.66, a PEG ratio of 2.30 and a beta of 1.01. The company’s fifty day moving average price is $119.27 and its 200-day moving average price is $112.80. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 12-month low of $93.29 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the business earned $0.96 EPS. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

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.