Members Trust Co Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Members Trust Co raised its stake in Oracle Co. (NYSE:ORCL) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,479 shares of the enterprise software provider’s stock after purchasing an additional 69 shares during the quarter. Members Trust Co’s holdings in Oracle were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Hickory Asset Management Inc. purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $536,000. Manchester Capital Management LLC boosted its stake in shares of Oracle by 2.1% in the fourth quarter. Manchester Capital Management LLC now owns 38,987 shares of the enterprise software provider’s stock valued at $6,497,000 after buying an additional 793 shares in the last quarter. CapWealth Advisors LLC boosted its stake in shares of Oracle by 4.1% in the fourth quarter. CapWealth Advisors LLC now owns 31,208 shares of the enterprise software provider’s stock valued at $5,201,000 after buying an additional 1,231 shares in the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of Oracle by 281.1% in the fourth quarter. WealthPlan Investment Management LLC now owns 6,242 shares of the enterprise software provider’s stock valued at $1,040,000 after buying an additional 4,604 shares in the last quarter. Finally, BXM Wealth LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $1,101,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

Oracle stock opened at $173.50 on Friday. The firm has a market capitalization of $485.27 billion, a P/E ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. The stock has a fifty day moving average price of $169.69 and a 200 day moving average price of $165.35. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. 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 released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. DA Davidson lifted their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Finally, Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.