TCTC Holdings LLC Purchases 167 Shares of Oracle Co. (NYSE:ORCL)

TCTC Holdings LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,354 shares of the enterprise software provider’s stock after purchasing an additional 167 shares during the period. TCTC Holdings LLC’s holdings in Oracle were worth $392,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Signaturefd LLC boosted its stake in shares of Oracle by 0.4% during the 4th quarter. Signaturefd LLC now owns 44,145 shares of the enterprise software provider’s stock valued at $7,356,000 after purchasing an additional 158 shares in the last quarter. Cibc World Markets Corp boosted its stake in shares of Oracle by 52.3% during the 4th quarter. Cibc World Markets Corp now owns 335,375 shares of the enterprise software provider’s stock valued at $55,887,000 after purchasing an additional 115,111 shares in the last quarter. Polen Capital Management LLC boosted its stake in shares of Oracle by 22.3% during the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares in the last quarter. SouthState Corp boosted its stake in shares of Oracle by 0.8% during the 4th quarter. SouthState Corp now owns 164,659 shares of the enterprise software provider’s stock valued at $27,439,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Oracle by 3.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,753 shares of the enterprise software provider’s stock valued at $959,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.2 %

ORCL opened at $149.36 on Monday. 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 firm has a 50 day moving average price of $165.80 and a 200-day moving average price of $169.85. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The stock has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’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 value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORCL. Piper Sandler dropped their price objective on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Barclays dropped their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Evercore ISI dropped their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.71.

Oracle 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.