PUREfi Wealth LLC Takes Position in Oracle Co. (NYSE:ORCL)

PUREfi Wealth LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel reports. The firm purchased 6,073 shares of the enterprise software provider’s stock, valued at approximately $1,012,000. Oracle comprises 1.0% of PUREfi Wealth LLC’s portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Valeo Financial Advisors LLC lifted its stake in shares of Oracle by 2.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 83,371 shares of the enterprise software provider’s stock valued at $13,893,000 after buying an additional 2,382 shares during the period. Blue Trust Inc. grew its holdings in Oracle by 0.8% during the 4th quarter. Blue Trust Inc. now owns 27,413 shares of the enterprise software provider’s stock valued at $4,568,000 after purchasing an additional 224 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in Oracle by 2.0% during the 4th quarter. Roman Butler Fullerton & Co. now owns 14,932 shares of the enterprise software provider’s stock worth $2,363,000 after acquiring an additional 292 shares in the last quarter. GFG Capital LLC grew its holdings in Oracle by 1.6% during the 4th quarter. GFG Capital LLC now owns 21,388 shares of the enterprise software provider’s stock worth $3,564,000 after acquiring an additional 330 shares in the last quarter. Finally, Campbell Wealth Management acquired a new position in Oracle during the 4th quarter worth $476,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORCL shares. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. Finally, Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of Oracle stock opened at $173.50 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm has a fifty day moving average price of $169.69 and a two-hundred day moving average price of $165.35. The company has a market cap of $485.27 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 the consensus estimate of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Insider Activity

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

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.