J. L. Bainbridge & Co. Inc. Increases Stock Position in Oracle Co. (NYSE:ORCL)

J. L. Bainbridge & Co. Inc. boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,354 shares of the enterprise software provider’s stock after purchasing an additional 70 shares during the period. J. L. Bainbridge & Co. Inc.’s holdings in Oracle were worth $226,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ORCL. Buckley Wealth Management LLC increased its position in shares of Oracle by 2.6% during the 4th quarter. Buckley Wealth Management LLC now owns 7,565 shares of the enterprise software provider’s stock valued at $1,261,000 after purchasing an additional 195 shares during the last quarter. First National Trust Co raised its position in Oracle by 0.5% in the fourth quarter. First National Trust Co now owns 64,112 shares of the enterprise software provider’s stock worth $10,684,000 after acquiring an additional 345 shares during the period. Sienna Gestion boosted its stake in shares of Oracle by 1,051.7% during the 4th quarter. Sienna Gestion now owns 38,915 shares of the enterprise software provider’s stock worth $6,484,000 after acquiring an additional 35,536 shares during the last quarter. Hilton Capital Management LLC increased its stake in shares of Oracle by 2,049.7% in the 4th quarter. Hilton Capital Management LLC now owns 56,257 shares of the enterprise software provider’s stock worth $9,375,000 after purchasing an additional 53,640 shares in the last quarter. Finally, Carret Asset Management LLC lifted its position in Oracle by 0.9% during the fourth quarter. Carret Asset Management LLC now owns 115,052 shares of the enterprise software provider’s stock valued at $19,172,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday. Morgan Stanley reduced their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday. Piper Sandler reduced their price objective on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday. Citigroup reduced their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $149.36 on Friday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. 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 company has a fifty day simple moving average of $165.80 and a two-hundred day simple moving average of $169.41. The firm has a market capitalization of $417.76 billion, a P/E ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.