Oracle Co. (NYSE:ORCL) Shares Purchased by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,910 shares of the enterprise software provider’s stock after purchasing an additional 251 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Oracle were worth $1,818,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter worth about $44,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the fourth quarter worth about $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Down 0.2 %

NYSE:ORCL opened at $173.50 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The firm has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, 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 company’s 50 day moving average is $169.33 and its 200-day moving average is $165.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a report on Friday, December 20th. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.