Oracle Co. (NYSE:ORCL) Shares Purchased by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 55.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 573 shares of the enterprise software provider’s stock after purchasing an additional 205 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Oracle were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ORCL. BluePath Capital Management LLC purchased a new position in shares of Oracle during the third quarter worth $45,000. FORVIS Wealth Advisors LLC grew its position in Oracle by 14.0% in the 3rd quarter. FORVIS Wealth Advisors LLC now owns 29,541 shares of the enterprise software provider’s stock valued at $3,129,000 after acquiring an additional 3,634 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Oracle by 18.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 644,762 shares of the enterprise software provider’s stock worth $68,293,000 after purchasing an additional 102,182 shares during the period. Rowlandmiller & PARTNERS.ADV lifted its holdings in Oracle by 79.1% during the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 4,115 shares of the enterprise software provider’s stock worth $436,000 after buying an additional 1,817 shares in the last quarter. Finally, Kanawha Capital Management LLC grew its stake in Oracle by 1.6% during the 3rd quarter. Kanawha Capital Management LLC now owns 204,401 shares of the enterprise software provider’s stock worth $21,650,000 after purchasing an additional 3,313 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL traded down $0.45 during trading hours on Tuesday, reaching $117.89. The company had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $96.10 and a 12-month high of $132.77. The firm has a 50 day simple moving average of $120.19 and a 200-day simple moving average of $113.57. The company has a market capitalization of $324.02 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company 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 firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Oracle’s dividend payout ratio is presently 42.22%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insiders Place Their Bets

In related news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Over the last quarter, insiders sold 835,000 shares of company stock worth $105,189,850. Insiders own 42.80% of the company’s stock.

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.