Centricity Wealth Management LLC Invests $533,000 in Oracle Co. (NYSE:ORCL)

Centricity Wealth Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,197 shares of the enterprise software provider’s stock, valued at approximately $533,000.

A number of other institutional investors have also recently bought and sold shares of ORCL. Wealth Group Ltd. bought a new position in shares of Oracle during the 3rd quarter valued at $222,000. Howard Capital Management Group LLC increased its position in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares during the last quarter. Stanley Laman Group Ltd. raised its holdings in Oracle by 43.5% during the third quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock valued at $440,000 after buying an additional 783 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Oracle by 1.1% in the third quarter. Private Advisor Group LLC now owns 117,127 shares of the enterprise software provider’s stock worth $19,958,000 after buying an additional 1,330 shares during the last quarter. Finally, Wallington Asset Management LLC acquired a new stake in shares of Oracle in the third quarter worth about $222,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. DA Davidson increased their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. 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. Finally, Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

NYSE ORCL opened at $176.01 on Friday. The stock has a market cap of $492.30 billion, a P/E ratio of 43.04, a PEG ratio of 3.57 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company’s 50-day simple moving average is $169.10 and its 200 day simple moving average is $166.74.

Oracle (NYSE:ORCL) last issued 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 company had revenue of $14.06 billion during 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 company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 0.91%. Oracle’s dividend payout ratio is presently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $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 available at this hyperlink. 42.20% of the stock is owned by insiders.

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.