14,864 Shares in Oracle Co. (NYSE:ORCL) Purchased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,864 shares of the enterprise software provider’s stock, valued at approximately $1,691,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bison Wealth LLC lifted its holdings in shares of Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after acquiring an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its holdings in shares of Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after acquiring an additional 94 shares during the last quarter. Mascoma Wealth Management LLC lifted its holdings in shares of Oracle by 15.7% in the third quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after acquiring an additional 95 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Oracle by 1.4% in the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after acquiring an additional 96 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its holdings in shares of Oracle by 1.0% in the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.6 %

Shares of ORCL traded up $0.74 during trading hours on Tuesday, reaching $120.62. The stock had a trading volume of 6,998,486 shares, compared to its average volume of 8,669,270. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The firm has a 50-day simple moving average of $119.15 and a 200 day simple moving average of $112.63. 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 company has a market capitalization of $331.52 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period last year, the business earned $0.96 EPS. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ORCL shares. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. BMO Capital Markets upped their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. HSBC upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.