Mather Group LLC. Purchases 2,071 Shares of Oracle Co. (NYSE:ORCL)

Mather Group LLC. lifted its position in Oracle Co. (NYSE:ORCL) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,597 shares of the enterprise software provider’s stock after acquiring an additional 2,071 shares during the quarter. Mather Group LLC.’s holdings in Oracle were worth $2,699,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Oracle during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.6 %

Shares of NYSE ORCL opened at $116.50 on Tuesday. The business has a 50-day moving average of $119.52 and a two-hundred day moving average of $113.21. The company has a market capitalization of $320.20 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ORCL shares. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, Piper Sandler decreased their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

About Oracle

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.