Oracle Co. (NYSE:ORCL) Shares Acquired by Ferguson Wellman Capital Management Inc.

Posted by Defense World Staff on Mar 23rd, 2023

Ferguson Wellman Capital Management Inc. lifted its position in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,166 shares of the enterprise software provider’s stock after purchasing an additional 196 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Oracle were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Great West Life Assurance Co. Can acquired a new stake in Oracle in the 3rd quarter valued at $236,318,000. Bessemer Group Inc. grew its stake in Oracle by 2,666.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,547,659 shares of the enterprise software provider’s stock valued at $155,585,000 after acquiring an additional 2,455,560 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Oracle by 102.7% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,684,705 shares of the enterprise software provider’s stock valued at $257,450,000 after acquiring an additional 1,866,463 shares during the period. Renaissance Technologies LLC acquired a new stake in Oracle in the 2nd quarter valued at $97,485,000. Finally, Los Angeles Capital Management LLC grew its stake in Oracle by 168.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,127,969 shares of the enterprise software provider’s stock valued at $129,955,000 after acquiring an additional 1,336,512 shares during the period. Institutional investors and hedge funds own 40.96% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $87.90 on Thursday. The company’s 50 day simple moving average is $87.67 and its 200-day simple moving average is $79.72. The company has a market capitalization of $237.31 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02. Oracle Co. has a 1 year low of $60.78 and a 1 year high of $91.22.

Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The enterprise software provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.42 billion. Oracle had a net margin of 17.46% and a negative return on equity of 262.40%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Equities analysts expect that Oracle Co. will post 3.99 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Tuesday, April 11th will be issued a $0.40 dividend. The ex-dividend date is Monday, April 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from Oracle’s previous quarterly dividend of $0.32. Oracle’s payout ratio is 42.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ORCL shares. Cowen dropped their price target on shares of Oracle from $98.00 to $96.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 13th. Credit Suisse Group set a $115.00 price objective on Oracle and gave the company an “outperform” rating in a report on Wednesday, March 15th. Evercore ISI raised their price objective on Oracle from $87.00 to $95.00 in a report on Friday, March 10th. Stifel Nicolaus raised their price objective on Oracle from $75.00 to $84.00 in a report on Friday, March 10th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.06.

Insider Activity at Oracle

In related news, Director Rona Alison Fairhead sold 8,080 shares of Oracle stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $89.82, for a total value of $725,745.60. Following the completion of the transaction, the director now owns 11,197 shares in the company, valued at $1,005,714.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.70% of the company’s stock.

Oracle Profile

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.