Campbell Deegan Wealth Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Campbell Deegan Wealth Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,397 shares of the enterprise software provider’s stock, valued at approximately $233,000.

Several other hedge funds have also modified their holdings of the business. R Squared Ltd acquired a new position in Oracle during the fourth quarter worth $25,000. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new position in Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new position in Oracle during the fourth quarter worth $34,000. Finally, TFC Financial Management Inc. raised its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $161.84 on Wednesday. The stock has a 50-day moving average price of $143.94 and a two-hundred day moving average price of $161.60. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $452.66 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the firm posted $1.41 EPS. Oracle’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 46.95%.

Analyst Ratings Changes

Several brokerages recently issued reports on ORCL. Westpark Capital began coverage on Oracle in a report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald reduced their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Guggenheim reissued a “buy” rating and issued a $220.00 price target on shares of Oracle in a report on Thursday, April 3rd. Finally, Piper Sandler reissued a “neutral” rating and issued a $130.00 price target (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.42.

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.