Linscomb Wealth Inc. Acquires 813 Shares of Oracle Co. (NYSE:ORCL)

Linscomb Wealth Inc. raised its holdings in Oracle Co. (NYSE:ORCL) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,429 shares of the enterprise software provider’s stock after buying an additional 813 shares during the quarter. Linscomb Wealth Inc.’s holdings in Oracle were worth $6,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ORCL. Franklin Resources Inc. increased its position in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp boosted its stake in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Oracle by 3,805.0% in the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after buying an additional 941,819 shares in the last quarter. Jennison Associates LLC lifted its holdings in Oracle by 279.7% in the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after buying an additional 891,842 shares during the period. Finally, Geode Capital Management LLC boosted its position in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Citigroup upped their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $164.71 on Friday. The stock has a market capitalization of $460.68 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a 1-year low of $110.36 and a 1-year high of $198.31. 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 business’s fifty day moving average price is $169.00 and its 200-day moving average price is $168.13.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Oracle’s dividend payout ratio is currently 39.12%.

Oracle 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.