Tanager Wealth Management LLP Buys New Holdings in Oracle Co. (NYSE:ORCL)

Tanager Wealth Management LLP bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,114 shares of the enterprise software provider’s stock, valued at approximately $223,000.

Several other institutional investors also recently bought and sold shares of the stock. Fairfield Bush & CO. lifted its holdings in Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after buying an additional 2,221 shares during the period. AMI Investment Management Inc. lifted its holdings in Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after buying an additional 579 shares during the period. Baird Financial Group Inc. lifted its holdings in Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after buying an additional 132,920 shares during the period. Zions Bancorporation N.A. lifted its holdings in Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after buying an additional 3,038 shares during the period. Finally, Covestor Ltd lifted its holdings in Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after buying an additional 1,109 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of Oracle stock traded down $1.11 on Friday, hitting $114.89. 8,250,334 shares of the company traded hands, compared to its average volume of 8,594,157. The stock has a market capitalization of $315.78 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The business has a 50-day simple moving average of $119.27 and a 200 day simple moving average of $112.80.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler lowered their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Oppenheimer assumed coverage on Oracle in a research note on Thursday. They issued a “market perform” rating for the company. KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by company 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.