McGlone Suttner Wealth Management Inc. Buys 1,480 Shares of Oracle Co. (NYSE:ORCL)

McGlone Suttner Wealth Management Inc. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 68.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,640 shares of the enterprise software provider’s stock after purchasing an additional 1,480 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Oracle were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. State Street Corp lifted its holdings in shares of Oracle by 1.5% in the 2nd quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after acquiring an additional 928,013 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after acquiring an additional 1,794,080 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Oracle in the 4th quarter worth approximately $1,409,896,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.80% of the stock is currently owned by insiders.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.29 during midday trading on Thursday, hitting $125.56. 6,586,560 shares of the company’s stock traded hands, compared to its average volume of 9,215,633. Oracle Co. has a 1 year low of $89.71 and a 1 year high of $132.77. The stock has a market capitalization of $345.10 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a fifty day moving average of $116.38 and a 200 day moving average of $111.47.

Oracle (NYSE:ORCL) last released its quarterly 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. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent research reports. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. UBS Group decreased their target price on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, December 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, KeyCorp began coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.