Mather Group LLC. Raises Position in Oracle Co. (NYSE:ORCL)

Mather Group LLC. lifted its stake in Oracle Co. (NYSE:ORCL) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,925 shares of the enterprise software provider’s stock after purchasing an additional 137 shares during the period. Mather Group LLC.’s holdings in Oracle were worth $4,154,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth approximately $44,000. Synergy Asset Management LLC purchased a new position in Oracle during the fourth quarter valued at approximately $47,000. Finally, Avondale Wealth Management bought a new position in shares of Oracle in the third quarter worth approximately $51,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

NYSE:ORCL opened at $168.60 on Tuesday. The firm has a market cap of $471.57 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm’s fifty day moving average is $171.89 and its two-hundred day moving average is $163.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Announces Dividend

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 of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson lifted their target price 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. BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup boosted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.20% of the company’s stock.

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.