Sander Capital Advisors Inc. Acquires 2,333 Shares of Oracle Co. (NYSE:ORCL)

Sander Capital Advisors Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,308 shares of the enterprise software provider’s stock after buying an additional 2,333 shares during the period. Oracle comprises about 2.6% of Sander Capital Advisors Inc.’s portfolio, making the stock its 5th biggest holding. Sander Capital Advisors Inc.’s holdings in Oracle were worth $5,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Range Financial Group LLC bought a new position in Oracle in the fourth quarter valued at about $375,000. One Wealth Capital Management LLC bought a new stake in shares of Oracle during the fourth quarter worth about $1,530,000. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the fourth quarter worth about $550,000. Diversified Trust Co grew its holdings in shares of Oracle by 34.3% during the fourth quarter. Diversified Trust Co now owns 36,311 shares of the enterprise software provider’s stock worth $6,051,000 after purchasing an additional 9,271 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its holdings in shares of Oracle by 2.2% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 75,417 shares of the enterprise software provider’s stock worth $12,567,000 after purchasing an additional 1,605 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL traded down $3.73 during trading on Tuesday, hitting $161.96. 7,705,414 shares of the company traded hands, compared to its average volume of 6,433,853. Oracle Co. has a 1 year low of $102.13 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The stock’s 50-day simple moving average is $178.48 and its two-hundred day simple moving average is $160.45. The company has a market cap of $452.99 billion, a PE ratio of 39.60, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.