Clarus Wealth Advisors Makes New $264,000 Investment in Oracle Co. (NYSE:ORCL)

Clarus Wealth Advisors bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,903 shares of the enterprise software provider's stock, valued at approximately $264,000.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Oracle during the 4th quarter worth about $25,000. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. grew its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 over the last ninety days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Wall Street Zen cut Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Piper Sandler reissued a "neutral" rating and set a $130.00 price objective (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Mizuho reduced their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle Trading Down 0.6%

Shares of NYSE ORCL traded down $0.97 during midday trading on Wednesday, reaching $168.17. 6,372,366 shares of the stock were exchanged, compared to its average volume of 9,505,016. Oracle Co. has a 12 month low of $118.72 and a 12 month high of $198.31. The company has a market capitalization of $470.36 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day simple moving average of $145.39 and a two-hundred day simple moving average of $160.82.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.19%. Oracle's dividend payout ratio is currently 46.95%.

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.