Birchcreek Wealth Management LLC Makes New $554,000 Investment in Oracle Co. (NYSE:ORCL)

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Birchcreek Wealth Management LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,565 shares of the enterprise software provider’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Curbstone Financial Management Corp increased its stake in Oracle by 13.8% during the third quarter. Curbstone Financial Management Corp now owns 18,596 shares of the enterprise software provider’s stock worth $1,110,000 after acquiring an additional 2,250 shares during the last quarter. Centric Wealth Management increased its position in shares of Oracle by 6.7% during the 3rd quarter. Centric Wealth Management now owns 17,300 shares of the enterprise software provider’s stock worth $919,000 after purchasing an additional 1,086 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Oracle by 11.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 535,936 shares of the enterprise software provider’s stock valued at $31,994,000 after buying an additional 54,501 shares during the period. Burke & Herbert Bank & Trust Co. lifted its position in Oracle by 5.9% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 11,316 shares of the enterprise software provider’s stock valued at $675,000 after buying an additional 630 shares during the last quarter. Finally, Farmers Trust Co. boosted its stake in Oracle by 1.4% during the third quarter. Farmers Trust Co. now owns 18,112 shares of the enterprise software provider’s stock worth $1,082,000 after buying an additional 258 shares during the period. 47.54% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $61.63, for a total value of $6,163,000.00. Following the completion of the sale, the executive vice president now owns 100,000 shares in the company, valued at approximately $6,163,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO W Corey West sold 200,000 shares of the stock in a transaction on Friday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $13,000,000.00. Following the sale, the chief accounting officer now owns 309,647 shares of the company’s stock, valued at approximately $20,127,055. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock worth $20,685,750 in the last quarter. Insiders own 39.10% of the company’s stock.

ORCL stock opened at $60.43 on Friday. The stock has a market cap of $177.91 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.79 and a beta of 0.76. Oracle Co. has a fifty-two week low of $39.71 and a fifty-two week high of $66.20. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. The business has a 50 day moving average price of $62.93 and a 200 day moving average price of $58.84.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 9th. The enterprise software provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.06. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The business had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 3.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 21st. Shareholders of record on Thursday, January 7th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, January 6th. Oracle’s payout ratio is 27.75%.

Several equities analysts have recently commented on the stock. UBS Group began coverage on shares of Oracle in a report on Wednesday, October 14th. They issued a “neutral” rating and a $62.00 price objective on the stock. Bank of America started coverage on Oracle in a research note on Wednesday, December 16th. They set a “neutral” rating and a $68.00 target price on the stock. Royal Bank of Canada lifted their target price on Oracle from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, December 11th. Piper Sandler increased their price target on shares of Oracle from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, December 11th. Finally, Oppenheimer reissued a “hold” rating on shares of Oracle in a research note on Friday, December 11th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.16.

Oracle Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company’s cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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