Atticus Wealth Management LLC Grows Holdings in Oracle Co. (NYSE:ORCL)

Atticus Wealth Management LLC grew its stake in Oracle Co. (NYSE:ORCL) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,552 shares of the enterprise software provider’s stock after purchasing an additional 337 shares during the quarter. Atticus Wealth Management LLC’s holdings in Oracle were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ORCL. LVM Capital Management Ltd. MI raised its stake in shares of Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares during the period. Quantum Private Wealth LLC purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $229,000. Cooper Financial Group increased its position in shares of Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after purchasing an additional 1,525 shares during the last quarter. Greenfield Savings Bank increased its position in shares of Oracle by 7.8% in the 3rd quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock valued at $957,000 after purchasing an additional 656 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new position in shares of Oracle in the 2nd quarter valued at $218,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.3 %

Shares of NYSE ORCL opened at $126.47 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52 week low of $88.54 and a 52 week high of $132.77. The firm has a 50-day moving average price of $115.61 and a 200 day moving average price of $111.37. The stock has a market capitalization of $347.60 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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. The firm had revenue of $13.28 billion during 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 business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. Equities research analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Evercore ISI lowered their price objective on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. BMO Capital Markets raised their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Wolfe Research lowered their price objective on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Finally, Piper Sandler lowered their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Company 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.