Trueblood Wealth Management LLC Has $2.16 Million Holdings in Oracle Co. (NYSE:ORCL)

Trueblood Wealth Management LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,694 shares of the enterprise software provider’s stock after buying an additional 443 shares during the quarter. Oracle accounts for about 1.1% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Trueblood Wealth Management LLC’s holdings in Oracle were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the 1st quarter worth approximately $38,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. JPMorgan Chase & Co. raised their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. DA Davidson lifted their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, Piper Sandler lifted their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Stock Down 0.5 %

Shares of Oracle stock opened at $173.52 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The business has a fifty day simple moving average of $160.15 and a 200 day simple moving average of $140.20. The stock has a market cap of $478.20 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s payout ratio is 43.13%.

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.