June 19, 2023 marked a significant shift in Wade Financial Advisory Inc’s portfolio as the firm lessened its stake in Oracle Co. (NYSE:ORCL) by 42.2% during the first quarter. The most recent filing with the Securities & Exchange Commission indicated that the firm owned 4,049 shares of the enterprise software provider’s stock after selling 2,957 shares during the period. At the end of this reporting period, Wade Financial Advisory Inc’s holdings in Oracle were worth $376,000.
The timing of this transaction coincided with Oracle’s most recent earnings report on Monday, June 12th. The enterprise software provider reported an earnings per share (EPS) of $1.67 for the quarter, beating the consensus estimate of $1.58 by $0.09. Additionally, Oracle had a strong net margin of 17.02%. However, they also experienced a negative return on equity of 470.73%. Despite this aspect and due to their revenue report being up around $13.84 billion during the quarter compared to analyst estimates of $13.74 billion and their previous year’s results; analysts expect that Oracle Co.’s current fiscal year will post approximately 4.49 earnings per share.
Oracle’s recent financial performance heavily influenced various equities research analysts’ perspectives on their future outlook and rating of ORCL stock in particular; thirteen equities research analysts have rated the stock as holding while fourteen have assigned a buy rating to the company’s stock or better yet “Moderate Buy” according to Bloomberg ratings which currently attests to how favorable an investment opportunity may present itself within this sector.
The global business landscape is ever-changing in nature and due responsibility must be exercised towards adapting one’s strategic investments accordingly based on such recurring fluctuations over time when it comes to difficult industries such as enterprise software provision much like what Oracle has been providing since its inception decades ago.
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Oracle Co. Shows Promising Market Potential with Heavy Investor Interest
On June 19, 2023, Oracle Co. opened at $125.46 per share and has a 1-year low of $60.78 and a 1-year high of $127.54. Institutional investors have heavily modified their holdings in the enterprise software provider’s stock, with hedge funds owning 43.43%. Fairfield Bush & CO., AMI Investment Management Inc., Baird Financial Group Inc., Zions Bancorporation N.A., and Covestor Ltd have all increased their stakes in the company during the first quarter of this year.
Oracle Co.’s market cap is valued at $338.72 billion with a PE ratio of 41.00, a PEG ratio of 3.50, and a beta of 1.00. Although its debt-to-equity ratio is at an alarming rate of 55.54, it comes with a current ratio of 0.91 and quick ratio of 0.82 for better liquidity levels.
Analyst reports from JPMorgan Chase & Co., Citigroup, Evercore ISI, UBS Group, and others suggest that Oracle’s stock is performing well in the market due to stability in its financials and operations while also having massive potential for growth.
In terms of dividend payouts, Oracle declared a quarterly dividend to be paid on July 26th to shareholders who were registered by July 12th at $0.40 per share – an annualized dividend yield rate of about 1.28%. Its dividend payout ratio (DPR) as stated currently stands at around 52%.
Recent activity within the firm also includes Director Jeffrey Berg selling about $609,758 worth shares on June15th – leaving him with approximately $25 million worth shares still owned – alongside CEO Safra Catz selling over one million shares at an average price just under $94 per share resulting in total sales revenues amounting to roughly over $172 million.
Oracle continues to show promising performance potential in the market, attracting significant interest from investors while it focuses on expanding its technological and business ventures around the world.