OneAscent Financial Services LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

OneAscent Financial Services LLC raised its stake in Oracle Co. (NYSE:ORCL) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,723 shares of the enterprise software provider’s stock after purchasing an additional 642 shares during the period. OneAscent Financial Services LLC’s holdings in Oracle were worth $954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in shares of Oracle by 201.7% in the fourth 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 boosted its stake in 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 purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC lifted its stake in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Oracle during the fourth quarter worth approximately $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 2.8 %

NYSE ORCL opened at $145.96 on Thursday. The company has a market cap of $408.24 billion, a PE ratio of 35.69, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock has a 50 day moving average of $162.14 and a 200-day moving average of $169.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly 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). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. 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 (DPR) is presently 46.95%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ORCL. Piper Sandler cut their price target on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Guggenheim reissued a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. Jefferies Financial Group dropped their price target on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley reduced their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Finally, Stifel Nicolaus reduced their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Thirteen investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

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.