IronOak Wealth LLC. Invests $398,000 in Oracle Co. (NYSE:ORCL)

IronOak Wealth LLC. acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,391 shares of the enterprise software provider's stock, valued at approximately $398,000.

Several other large investors also recently made changes to their positions in ORCL. Capital & Planning LLC grew its holdings in Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC increased its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in shares of Oracle by 5.5% during the fourth quarter. Capital Asset Advisory Services LLC now owns 7,096 shares of the enterprise software provider's stock worth $1,180,000 after acquiring an additional 368 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle in the fourth quarter worth about $51,084,000. Finally, Pacer Advisors Inc. boosted its holdings in Oracle by 10.5% in the fourth quarter. Pacer Advisors Inc. now owns 185,893 shares of the enterprise software provider's stock valued at $30,977,000 after purchasing an additional 17,719 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 0.6%

Shares of NYSE ORCL traded down $0.93 during mid-day trading on Thursday, reaching $162.92. The company had a trading volume of 6,994,037 shares, compared to its average volume of 9,494,402. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The stock's 50 day moving average is $144.16 and its 200-day moving average is $161.61. The stock has a market capitalization of $455.67 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORCL. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Citigroup reduced their target price on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Piper Sandler reissued a "neutral" rating and set a $130.00 price target (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% of the company's stock.

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.