Narus Financial Partners LLC Raises Position in Oracle Co. (NYSE:ORCL)

Narus Financial Partners LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,544 shares of the enterprise software provider’s stock after purchasing an additional 884 shares during the period. Narus Financial Partners LLC’s holdings in Oracle were worth $1,590,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. CMG Global Holdings LLC increased its holdings in shares of Oracle by 2.4% during the 4th quarter. CMG Global Holdings LLC now owns 10,236 shares of the enterprise software provider’s stock worth $1,886,000 after buying an additional 241 shares during the last quarter. Hunter Associates Investment Management LLC grew its position in Oracle by 3.9% during the fourth quarter. Hunter Associates Investment Management LLC now owns 9,886 shares of the enterprise software provider’s stock valued at $1,647,000 after acquiring an additional 374 shares during the period. Quantum Financial Planning Services Inc. acquired a new stake in Oracle during the fourth quarter worth about $422,000. Sonora Investment Management Group LLC raised its holdings in shares of Oracle by 2.3% in the 4th quarter. Sonora Investment Management Group LLC now owns 181,584 shares of the enterprise software provider’s stock worth $30,259,000 after purchasing an additional 4,098 shares during the period. Finally, Oak Harvest Investment Services lifted its stake in shares of Oracle by 0.7% in the 4th quarter. Oak Harvest Investment Services now owns 46,828 shares of the enterprise software provider’s stock valued at $7,803,000 after purchasing an additional 324 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

ORCL opened at $170.41 on Friday. The business has a fifty day simple moving average of $172.79 and a 200-day simple moving average of $163.03. The firm has a market cap of $476.62 billion, a PE ratio of 41.66, a P/E/G ratio of 3.19 and a beta of 1.06. 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 fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.