Net Worth Advisory Group Has $935,000 Stake in Oracle Co. (NYSE:ORCL)

Net Worth Advisory Group decreased its position in shares of Oracle Co. (NYSE:ORCL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,612 shares of the enterprise software provider’s stock after selling 73 shares during the quarter. Net Worth Advisory Group’s holdings in Oracle were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the period. Geode Capital Management LLC lifted its holdings in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the period. Franklin Resources Inc. lifted its holdings in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. Fisher Asset Management LLC lifted its holdings in Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock worth $2,998,798,000 after buying an additional 97,635 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after buying an additional 54,868 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ORCL shares. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of ORCL opened at $148.87 on Tuesday. 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 stock has a 50 day moving average price of $167.27 and a two-hundred day moving average price of $169.58. The firm has a market capitalization of $416.38 billion, a P/E ratio of 36.40, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52 week low of $111.18 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 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 company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is presently 39.12%.

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.