Mather Group LLC. Has $2.70 Million Holdings in Oracle Co. (NYSE:ORCL)

Mather Group LLC. boosted its stake in Oracle Co. (NYSE:ORCL) by 8.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,597 shares of the enterprise software provider’s stock after buying an additional 2,071 shares during the period. Mather Group LLC.’s holdings in Oracle were worth $2,699,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Gilbert & Cook Inc. acquired a new stake in shares of Oracle during the fourth quarter worth approximately $359,000. Flaharty Asset Management LLC increased its holdings in Oracle by 41.2% during the 4th quarter. Flaharty Asset Management LLC now owns 2,069 shares of the enterprise software provider’s stock valued at $218,000 after purchasing an additional 604 shares in the last quarter. Capital Investment Counsel Inc boosted its stake in Oracle by 2.7% in the fourth quarter. Capital Investment Counsel Inc now owns 41,216 shares of the enterprise software provider’s stock worth $4,345,000 after purchasing an additional 1,100 shares in the last quarter. Eagle Wealth Strategies LLC bought a new stake in shares of Oracle during the fourth quarter worth $246,000. Finally, Marco Investment Management LLC increased its stake in shares of Oracle by 15.7% in the fourth quarter. Marco Investment Management LLC now owns 111,745 shares of the enterprise software provider’s stock valued at $11,781,000 after buying an additional 15,188 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated 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 owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $116.50 on Tuesday. The firm’s 50 day simple moving average is $119.52 and its 200 day simple moving average is $113.21. Oracle Co. has a fifty-two week low of $93.85 and a fifty-two week high of $132.77. The company has a market capitalization of $320.20 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler reduced their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. KeyCorp started coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group increased their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.