Oracle Co. (NYSE:ORCL) Shares Bought by Midwest Professional Planners LTD.

by · The Cerbat Gem

Midwest Professional Planners LTD. boosted its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,351 shares of the enterprise software provider’s stock after buying an additional 1,492 shares during the period. Oracle accounts for approximately 1.1% of Midwest Professional Planners LTD.’s portfolio, making the stock its 24th biggest holding. Midwest Professional Planners LTD.’s holdings in Oracle were worth $3,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Analyst IMS Investment Management Services Ltd. increased its stake in Oracle by 7.9% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 44,059 shares of the enterprise software provider’s stock valued at $7,342,000 after purchasing an additional 3,236 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Oracle during the 4th quarter worth approximately $4,149,000. Northwest Wealth Management LLC raised its position in shares of Oracle by 4.5% during the 4th quarter. Northwest Wealth Management LLC now owns 2,509 shares of the enterprise software provider’s stock worth $418,000 after purchasing an additional 109 shares during the period. Atala Financial Inc bought a new position in Oracle in the 4th quarter worth approximately $3,323,000. Finally, LBP AM SA grew its holdings in Oracle by 22.1% in the 4th quarter. LBP AM SA now owns 362,136 shares of the enterprise software provider’s stock worth $60,346,000 after buying an additional 65,513 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $147.41 on Friday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. 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 firm has a fifty day moving average of $166.14 and a 200 day moving average of $169.34. The firm has a market cap of $412.30 billion, a PE ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio is 39.12%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORCL shares. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday. Citigroup lowered their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, Piper Sandler lowered their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.71.

View Our Latest Report on Oracle

Insider Activity

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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Profile

(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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