Linden Thomas Advisory Services LLC Acquires 1,925 Shares of Oracle Co. (NYSE:ORCL)

Linden Thomas Advisory Services LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,741 shares of the enterprise software provider’s stock after buying an additional 1,925 shares during the period. Oracle accounts for 0.5% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 20th biggest position. Linden Thomas Advisory Services LLC’s holdings in Oracle were worth $2,925,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ORCL. Orion Capital Management LLC bought a new position in Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new position in Oracle in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its holdings in Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its holdings in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on ORCL shares. Piper Sandler dropped their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group increased their price target 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. Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets upped their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Up 0.3 %

NYSE ORCL traded up $0.40 during trading on Tuesday, hitting $114.93. The company had a trading volume of 3,474,784 shares, compared to its average volume of 8,505,797. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a market cap of $315.89 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company’s fifty day moving average is $119.21 and its 200-day moving average is $113.00.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping 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 business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the business earned $0.96 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

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 paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. Oracle’s payout ratio is 42.22%.

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.