Oracle Co. (NYSE:ORCL) Shares Purchased by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,003 shares of the enterprise software provider's stock after buying an additional 2,118 shares during the period. Oracle makes up approximately 1.3% of FSB Premier Wealth Management Inc.'s investment portfolio, making the stock its 15th largest holding. FSB Premier Wealth Management Inc.'s holdings in Oracle were worth $3,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle during the fourth quarter valued at $34,000. TFC Financial Management Inc. increased its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 1.6 %

NYSE:ORCL traded up $2.24 during mid-day trading on Tuesday, hitting $142.05. The stock had a trading volume of 9,511,593 shares, compared to its average volume of 8,991,556. 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 Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a market capitalization of $397.32 billion, a PE ratio of 34.73, a PEG ratio of 3.46 and a beta of 1.07. The stock has a 50-day simple moving average of $163.52 and a two-hundred day simple moving average of $170.16.

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Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 business had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period last year, the firm earned $1.41 earnings per share. The firm's quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORCL shares. JMP Securities restated a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Piper Sandler cut their target price on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. KeyCorp reiterated an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group reduced their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.65.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company's stock.

About Oracle

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.