Forvis Mazars Wealth Advisors LLC Acquires 3,023 Shares of Oracle Co. (NYSE:ORCL)

Forvis Mazars Wealth Advisors LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,008 shares of the enterprise software provider’s stock after purchasing an additional 3,023 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Oracle were worth $8,000,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Howard Capital Management Inc. boosted its stake in Oracle by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 10,013 shares of the enterprise software provider’s stock worth $1,669,000 after buying an additional 517 shares during the period. Wealthspire Advisors LLC boosted its stake in Oracle by 4.0% during the fourth quarter. Wealthspire Advisors LLC now owns 21,781 shares of the enterprise software provider’s stock worth $3,630,000 after buying an additional 835 shares during the period. Tradewinds Capital Management LLC boosted its stake in Oracle by 60.2% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,756 shares of the enterprise software provider’s stock worth $293,000 after buying an additional 660 shares during the period. New England Capital Financial Advisors LLC boosted its stake in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after buying an additional 64 shares during the period. Finally, Abound Financial LLC purchased a new position in Oracle during the fourth quarter worth $482,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 4.6 %

Shares of NYSE:ORCL opened at $167.92 on Friday. Oracle Co. has a 12-month low of $109.66 and a 12-month high of $198.31. The business’s fifty day simple moving average is $168.99 and its 200-day simple moving average is $167.29. The company has a market capitalization of $469.66 billion, a PE ratio of 41.06, a P/E/G ratio of 3.46 and a beta of 1.05. 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 announced 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several research analysts have commented on ORCL shares. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Citigroup lifted their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted 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. Piper Sandler upped their price target 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, BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on 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 trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.