Zhang Financial LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Zhang Financial LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,892 shares of the enterprise software provider’s stock after buying an additional 1,672 shares during the period. Zhang Financial LLC’s holdings in Oracle were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ORCL. Orion Capital Management LLC purchased a new position in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in Oracle during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC grew its position in Oracle by 1,268.0% during the 3rd 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 during the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its stake in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. Piper Sandler reduced their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Shares of NYSE ORCL opened at $114.89 on Friday. The company has a market cap of $315.78 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day simple moving average of $119.23 and a 200-day simple moving average of $112.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Oracle Company 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.