Sanctuary Advisors LLC Acquires 9,670 Shares of Oracle Co. (NYSE:ORCL)

Sanctuary Advisors LLC lifted its position in Oracle Co. (NYSE:ORCL) by 3.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 315,749 shares of the enterprise software provider’s stock after acquiring an additional 9,670 shares during the period. Sanctuary Advisors LLC’s holdings in Oracle were worth $53,797,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ORCL. Principal Financial Group Inc. increased its stake in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the period. McClarren Financial Advisors Inc. grew its position in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after buying an additional 1,069 shares during the last quarter. RMR Wealth Builders grew its position in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in Oracle in the 4th quarter worth approximately $1,800,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.2 %

NYSE ORCL opened at $173.50 on Monday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a 50-day moving average of $169.33 and a 200-day moving average of $165.80. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $485.27 billion, a P/E ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

Several analysts have commented on ORCL shares. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.