TCTC Holdings LLC Buys 167 Shares of Oracle Co. (NYSE:ORCL)

TCTC Holdings LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,354 shares of the enterprise software provider’s stock after buying an additional 167 shares during the quarter. TCTC Holdings LLC’s holdings in Oracle were worth $392,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management increased its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC increased its holdings in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank increased its holdings in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares in the last quarter. Requisite Capital Management LLC increased its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its holdings in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.2 %

NYSE ORCL opened at $149.36 on Monday. The firm’s 50-day moving average is $165.80 and its two-hundred day moving average is $169.85. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $417.76 billion, a P/E ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its earnings results 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company earned $1.41 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. Oracle’s dividend payout ratio is 46.95%.

Analyst Ratings Changes

Several equities research analysts recently commented on ORCL shares. BMO Capital Markets cut their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Guggenheim reaffirmed a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Insiders Place Their Bets

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

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.