Trueblood Wealth Management LLC Takes $1.33 Million Position in Oracle Co. (NYSE:ORCL)

Trueblood Wealth Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,621 shares of the enterprise software provider’s stock, valued at approximately $1,331,000. Oracle accounts for 0.8% of Trueblood Wealth Management LLC’s portfolio, making the stock its 26th biggest holding.

Other institutional investors also recently bought and sold shares of the company. LVM Capital Management Ltd. MI boosted its holdings in Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares during the period. Quantum Private Wealth LLC purchased a new stake in Oracle in the 3rd quarter worth approximately $229,000. Cooper Financial Group lifted its holdings in Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares during the period. Greenfield Savings Bank lifted its holdings in Oracle by 7.8% in the 3rd quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock worth $957,000 after buying an additional 656 shares during the period. Finally, BKM Wealth Management LLC purchased a new stake in Oracle in the 4th quarter worth approximately $85,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wolfe Research dropped their price objective on Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, UBS Group dropped their price objective on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

Shares of ORCL stock traded down $1.19 on Wednesday, reaching $125.28. The stock had a trading volume of 8,112,225 shares, compared to its average volume of 9,259,414. The stock has a market cap of $344.33 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. Oracle Co. has a 1 year low of $89.48 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day simple moving average of $116.00 and a 200 day simple moving average of $111.37.

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

Oracle Dividend Announcement

The business 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. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.28%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.