Van Hulzen Asset Management LLC Has $20.62 Million Stake in Oracle Co. (NYSE:ORCL)

Van Hulzen Asset Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 123,764 shares of the enterprise software provider’s stock after buying an additional 401 shares during the period. Oracle accounts for about 1.5% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 16th largest holding. Van Hulzen Asset Management LLC’s holdings in Oracle were worth $20,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the 4th 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 bought a new stake in shares of Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle in the fourth quarter valued at $47,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a research note on Tuesday. Piper Sandler lowered their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley cut their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Twelve equities 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 data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $179.71.

Oracle Stock Performance

ORCL opened at $149.36 on Friday. The firm has a market cap of $417.76 billion, a P/E ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business’s fifty day moving average is $165.80 and its 200-day moving average is $169.63. Oracle Co. has a 52-week low of $112.78 and a 52-week 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.

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

Oracle Increases Dividend

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

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.