Scissortail Wealth Management LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Scissortail Wealth Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 14,864 shares of the enterprise software provider’s stock, valued at approximately $1,691,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle in the third quarter worth $27,000. Cornerstone Planning Group LLC raised its holdings in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. raised its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL traded up $0.74 on Tuesday, hitting $120.62. The stock had a trading volume of 6,998,486 shares, compared to its average volume of 8,669,270. The stock has a market cap of $331.52 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business’s 50-day simple moving average is $119.15 and its two-hundred day simple moving average is $112.63. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.33%. Oracle’s payout ratio is 42.22%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was 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 owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ORCL shares. Piper Sandler decreased their price objective 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 increased their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.