Crescent Grove Advisors LLC Makes New $225,000 Investment in Oracle Co. (NYSE:ORCL)

Crescent Grove Advisors LLC bought a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,137 shares of the enterprise software provider’s stock, valued at approximately $225,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its position in shares of Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its holdings in shares of Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in shares of Oracle by 15.7% in the third quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock valued at $74,000 after purchasing an additional 95 shares in the last quarter. Everhart Financial Group Inc. increased its stake in shares of Oracle by 1.4% in the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after acquiring an additional 96 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its stake in shares of Oracle by 1.0% in the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after acquiring an additional 98 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 0.6 %

ORCL stock opened at $120.62 on Wednesday. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a market cap of $331.52 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The business’s 50-day simple moving average is $119.25 and its 200 day simple moving average is $112.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Ratings Changes

ORCL has been the topic of a number of research reports. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets upped their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.80% 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.