Evanson Asset Management LLC Has $476,000 Holdings in Oracle Co. (NYSE:ORCL)

Evanson Asset Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,513 shares of the enterprise software provider’s stock after acquiring an additional 205 shares during the period. Evanson Asset Management LLC’s holdings in Oracle were worth $476,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in 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 worth $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new position in Oracle in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the last quarter. Finally, Studio Investment Management LLC bought a new stake in Oracle in the fourth quarter worth about $42,000. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 42.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Piper Sandler reduced their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, 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 research report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Up 0.2 %

Shares of ORCL stock traded up $0.29 during mid-day trading on Thursday, reaching $125.56. The stock had a trading volume of 6,586,560 shares, compared to its average volume of 9,215,633. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock’s 50-day moving average price is $116.38 and its two-hundred day moving average price is $111.47. The firm has a market capitalization of $345.10 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. Oracle Co. has a 52-week low of $89.71 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the company posted $0.96 EPS. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

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.