MONECO Advisors LLC Has $886,000 Stake in Oracle Co. (NYSE:ORCL)

MONECO Advisors LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,401 shares of the enterprise software provider’s stock after selling 251 shares during the period. MONECO Advisors LLC’s holdings in Oracle were worth $886,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sandy Spring Bank increased its stake in Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after acquiring an additional 1,107 shares during the period. LVM Capital Management Ltd. MI raised its holdings in shares of Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares in the last quarter. Quantum Private Wealth LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $229,000. Cooper Financial Group boosted its stake in Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after buying an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Oracle in the fourth quarter valued at $171,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. HSBC lifted their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler lowered their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. KeyCorp began coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Price Performance

Shares of ORCL opened at $113.75 on Wednesday. The stock has a 50 day simple moving average of $119.63 and a 200 day simple moving average of $113.25. Oracle Co. has a 52-week low of $93.85 and a 52-week high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $312.64 billion, a PE ratio of 30.01, a P/E/G ratio of 2.34 and a beta of 1.01.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

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.