Larson Financial Group LLC Buys 564 Shares of Oracle Co. (NYSE:ORCL)

Larson Financial Group LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 42.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,901 shares of the enterprise software provider’s stock after acquiring an additional 564 shares during the quarter. Larson Financial Group LLC’s holdings in Oracle were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. Northern Trust Corp raised its stake in Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after buying an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after buying an additional 61,604 shares during the last quarter. Invesco Ltd. raised its stake in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.3 %

Oracle stock opened at $115.39 on Thursday. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The stock has a market cap of $317.15 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The firm’s 50-day simple moving average is $119.26 and its 200 day simple moving average is $113.05. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 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 analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ORCL shares. BMO Capital Markets lifted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.