IMG Wealth Management Inc. Makes New Investment in Oracle Co. (NYSE:ORCL)

IMG Wealth Management Inc. bought a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 894 shares of the enterprise software provider’s stock, valued at approximately $149,000.

A number of other institutional investors have also added to or reduced their stakes in the business. SlateStone Wealth LLC increased its stake in Oracle by 10.6% in the 4th quarter. SlateStone Wealth LLC now owns 7,404 shares of the enterprise software provider’s stock worth $1,234,000 after acquiring an additional 712 shares during the last quarter. GWN Securities Inc. bought a new position in Oracle in the 4th quarter worth about $1,852,000. Van Hulzen Asset Management LLC increased its stake in Oracle by 0.3% in the 4th quarter. Van Hulzen Asset Management LLC now owns 123,764 shares of the enterprise software provider’s stock worth $20,621,000 after acquiring an additional 401 shares during the last quarter. Glenview Trust co boosted its holdings in shares of Oracle by 0.6% in the 4th quarter. Glenview Trust co now owns 284,779 shares of the enterprise software provider’s stock worth $47,456,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its holdings in shares of Oracle by 5.0% in the 4th quarter. Patten & Patten Inc. TN now owns 9,739 shares of the enterprise software provider’s stock worth $1,623,000 after purchasing an additional 467 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORCL. DA Davidson reiterated a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Wednesday, March 5th. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Piper Sandler cut their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.71.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The stock was 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 owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of ORCL stock opened at $149.36 on Monday. The firm has a market cap of $417.76 billion, a P/E ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The business’s 50 day moving average price is $165.80 and its 200-day moving average price is $169.85. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s payout ratio is currently 46.95%.

About Oracle

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.