IMG Wealth Management Inc. Acquires Shares of 894 Oracle Co. (NYSE:ORCL)

IMG Wealth Management Inc. purchased a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 894 shares of the enterprise software provider’s stock, valued at approximately $149,000.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC raised its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $34,000. TFC Financial Management Inc. raised its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

NYSE ORCL opened at $149.36 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $417.76 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The business has a 50-day moving average price of $165.80 and a 200-day moving average price of $169.85.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORCL. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Finally, Piper Sandler cut their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Twelve research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $179.71.

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.