Tandem Financial LLC's New Investment in Oracle Co.

Tandem Financial LLC has made a new investment in Oracle Co. (NYSE:ORCL) during the fourth quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,482 shares of the enterprise software company, which are valued at approximately $414,000.

Recent Activity by Other Investors

Alongside Tandem Financial, several other institutional investors have also adjusted their positions in Oracle shares. For instance, Principal Financial Group Inc. increased its holdings in Oracle by 5.3% during the third quarter, now owning 2,416,362 shares worth about $411.75 million after acquiring an additional 121,874 shares. RMR Wealth Builders significantly boosted its stake in Oracle by 383.4% in the fourth quarter, bringing its total to 7,155 shares valued at $1.19 million, following a purchase of 5,675 shares. Foundations Investment Advisors LLC also raised its stake by 24.8%, acquiring 32,718 additional shares during the same period, totaling 164,593 shares worth $27.43 million. Other investment firms, such as Crews Bank & Trust and Chase Investment Counsel Corp, also made new investments in Oracle worth $1.8 million and around $4.16 million, respectively. Altogether, institutional investors and hedge funds hold approximately 42.44% of Oracle's stock.

Oracle's Market Performance

As of last Friday, Oracle's stock opened at $172.53. The stock has experienced fluctuations, with a 52-week low of $106.51 and a high of $198.31. Currently, it has a 50-day moving average of $170.83 and a 200-day moving average of $164.05. The company boasts a market capitalization of $482.56 billion and states a P/E ratio of 42.18 and a beta value of 1.05. In terms of liquidity, Oracle's quick and current ratios are both 0.81, while its debt-to-equity ratio stands at 5.65.

Recent Earnings Report

Oracle's most recent earnings report was announced on December 9th, where it reported a quarterly earnings per share (EPS) of $1.47, slightly below the consensus estimate of $1.48. The total revenue for the quarter reached $14.06 billion, which was marginally below analysts' expectations of $14.12 billion. Despite this, Oracle showed a net margin of 21.16% and a remarkable return on equity of 133.25%. The company's revenue increased by 8.6% compared to the same quarter the previous year, and analysts anticipate an average of 5 EPS for Oracle in the current year.

Dividend Announcement

Recently, Oracle announced a quarterly dividend of $0.40, which was paid to shareholders on January 9th, with January 23rd being the record date. This equates to an annualized dividend of $1.60, resulting in a dividend yield of 0.93%. The ex-dividend date was set for January 10th, and Oracle has a payout ratio of 39.12%.

Analysts' Views and Forecasts

A variety of equities analysts expressed mixed views on Oracle's stock. Evercore ISI raised their price target from $190.00 to $200.00, rating the stock as “outperform.” Similarly, BMO Capital Markets and Piper Sandler increased their price targets, establishing respective prices of $205.00 and $210.00. JMP Securities reaffirmed a “market outperform” rating with a price target of $205.00, while the Royal Bank of Canada set their target at $165.00. The consensus rating among analysts stands at a “Moderate Buy” with an average price target of $182.73, although one analyst has assigned a sell rating, while ten maintain a hold rating, eighteen provide a buy rating, and two classify it as a strong buy.

Insider Transactions

In other developments, Oracle's CEO, Safra Catz, sold 345,174 shares in a transaction on January 24th, at an average price of $185.56. This sale totaled over $64 million, leading to a reduction of her shareholding by approximately 23.58%. Following the sale, Catz still holds around 1,118,592 shares valued at approximately $207.57 million. Company insiders collectively own about 42.20% of Oracle's stock.

About Oracle Corporation

Oracle Corporation provides a broad range of products and services tailored to meet the needs of enterprise information technology environments globally. Their offerings include numerous cloud software applications, such as Oracle Fusion, which covers various domains from enterprise resource planning (ERP) to healthcare solutions, highlighting their position as a leader in enterprise software.

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