Tumwater Wealth Management LLC Invests $346,000 in Oracle Co. (NYSE:ORCL)

Tumwater Wealth Management LLC bought a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,077 shares of the enterprise software provider’s stock, valued at approximately $346,000. Oracle makes up 0.2% of Tumwater Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors also recently bought and sold shares of ORCL. Howard Capital Management Group LLC boosted its stake in Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the period. United Bank lifted its stake in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after acquiring an additional 519 shares during the period. Nicollet Investment Management Inc. lifted its stake in Oracle by 0.6% during the 3rd quarter. Nicollet Investment Management Inc. now owns 39,465 shares of the enterprise software provider’s stock valued at $6,725,000 after acquiring an additional 217 shares during the period. Finally, Vishria Bird Financial Group LLC acquired a new stake in Oracle during the 3rd quarter valued at approximately $640,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 1.2 %

Shares of ORCL opened at $149.36 on Friday. The stock has a market capitalization of $417.76 billion, a PE ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $165.80 and its 200-day simple moving average is $169.63.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for 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 firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. Analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ORCL. UBS Group restated a “market perform” rating on shares of Oracle in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets decreased their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley cut their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Twelve analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $179.71.

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.