Desjardins Global Asset Management Inc. Trims Holdings in Oracle Co. (NYSE:ORCL)

Desjardins Global Asset Management Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 68.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,496 shares of the enterprise software provider’s stock after selling 20,582 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Oracle were worth $1,001,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Bison Wealth LLC lifted its position in Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after purchasing an additional 91 shares during the period. MONECO Advisors LLC boosted its position in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in Oracle by 15.7% in the third quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock valued at $74,000 after purchasing an additional 95 shares during the last quarter. Everhart Financial Group Inc. increased its position in shares of Oracle by 1.4% in the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after buying an additional 96 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its position in shares of Oracle by 1.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after buying an additional 98 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $118.67 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50 day moving average price of $119.28 and a two-hundred day moving average price of $112.78. The firm has a market cap of $326.16 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Sell-side analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. Oracle’s payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several analysts have recently commented on ORCL shares. Piper Sandler lowered their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Erste Group Bank restated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. BMO Capital Markets increased their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle 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.