Tempus Wealth Planning LLC Has $2.20 Million Position in Oracle Co. (NYSE:ORCL)

Tempus Wealth Planning LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,931 shares of the enterprise software provider’s stock after acquiring an additional 391 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Oracle were worth $2,203,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors lifted its holdings in Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Legal & General Group Plc boosted its position in Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC grew its stake in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent analyst reports. TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Piper Sandler raised their target price on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley raised their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Stock Up 0.9 %

Shares of NYSE ORCL opened at $175.33 on Wednesday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $485.85 billion, a P/E ratio of 45.19, a P/E/G ratio of 3.22 and a beta of 1.01. The firm has a 50 day moving average price of $157.93 and a 200 day moving average price of $139.38.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.