Prepared Retirement Institute LLC Buys 150 Shares of Oracle Co. (NYSE:ORCL)

Prepared Retirement Institute LLC grew its stake in Oracle Co. (NYSE:ORCL) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950 shares of the enterprise software provider’s stock after acquiring an additional 150 shares during the period. Prepared Retirement Institute LLC’s holdings in Oracle were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ORCL. Norges Bank purchased a new position in Oracle during the 4th quarter worth $2,216,314,000. Raymond James Financial Inc. purchased a new position in Oracle during the fourth quarter valued at approximately $930,095,000. Vanguard Group Inc. raised its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC lifted its holdings in Oracle by 22.3% during the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock worth $1,787,003,000 after buying an additional 1,955,764 shares during the period. Finally, Franklin Resources Inc. boosted 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 acquiring an additional 1,917,416 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORCL. Piper Sandler decreased their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. BMO Capital Markets cut their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.65.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,448,328 shares of company stock valued at $453,791,001. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

NYSE ORCL opened at $133.24 on Friday. 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 twelve month low of $112.78 and a twelve month high of $198.31. The stock has a 50-day moving average of $155.96 and a 200 day moving average of $167.87. The stock has a market capitalization of $372.66 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

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.