McClarren Financial Advisors Inc. Increases Stock Position in Oracle Co. (NYSE:ORCL)

McClarren Financial Advisors Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 201.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,599 shares of the enterprise software provider’s stock after buying an additional 1,069 shares during the quarter. Oracle makes up about 0.7% of McClarren Financial Advisors Inc.’s holdings, making the stock its 24th biggest holding. McClarren Financial Advisors Inc.’s holdings in Oracle were worth $266,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Hidden Cove Wealth Management LLC bought a new stake in Oracle during the fourth quarter worth about $232,000. Diversified Portfolios Inc. lifted its holdings in shares of Oracle by 9.9% during the fourth quarter. Diversified Portfolios Inc. now owns 1,784 shares of the enterprise software provider’s stock valued at $297,000 after purchasing an additional 161 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Oracle by 13.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider’s stock worth $91,395,000 after purchasing an additional 65,980 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of Oracle in the 4th quarter worth approximately $442,000. Finally, Gladstone Institutional Advisory LLC increased its position in Oracle by 26.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 34,661 shares of the enterprise software provider’s stock valued at $5,776,000 after buying an additional 7,208 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 2.8 %

Oracle stock opened at $172.30 on Thursday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a market cap of $481.92 billion, a P/E ratio of 42.13, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50-day simple moving average of $170.25 and a two-hundred day simple moving average of $165.24.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Activity at Oracle

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

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.