Annis Gardner Whiting Capital Advisors LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,135 shares of the enterprise software provider’s stock after purchasing an additional 236 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Oracle were worth $1,689,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. McClarren Financial Advisors Inc. raised its position in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after buying an additional 1,069 shares during the period. RMR Wealth Builders raised its position in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after acquiring an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Oracle during the fourth quarter worth about $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORCL. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price for the company. Finally, Piper Sandler dropped their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $178.65.

Check Out Our Latest Analysis on Oracle

Oracle Stock Performance

Shares of ORCL opened at $137.04 on Friday. The stock has a market capitalization of $383.30 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business’s fifty day moving average price is $161.16 and its 200 day moving average price is $169.62. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31.

Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.20% of the company’s stock.

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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