Triad Wealth Partners LLC Takes $276,000 Position in Oracle Co. (NYSE:ORCL)

Triad Wealth Partners LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,655 shares of the enterprise software provider’s stock, valued at approximately $276,000.

A number of other hedge funds have also recently made changes to their positions in ORCL. Principal Financial Group Inc. raised its position in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. raised its position in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after acquiring an additional 1,069 shares during the last quarter. RMR Wealth Builders raised its position in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Oracle during the fourth quarter worth about $1,800,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 2.7 %

ORCL stock opened at $161.75 on Thursday. The stock’s fifty day simple moving average is $168.31 and its two-hundred day simple moving average is $169.10. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $110.67 and a 1-year high of $198.31. The stock has a market cap of $452.39 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.46 and a beta of 1.07.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is presently 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction 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 in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.