Oracle Co. (NYSE:ORCL) Stake Cut by Strategic Advisors LLC

Strategic Advisors LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 23.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,738 shares of the enterprise software provider’s stock after selling 1,160 shares during the quarter. Strategic Advisors LLC’s holdings in Oracle were worth $470,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its position in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Capital World Investors lifted its stake in Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after buying an additional 3,323,334 shares during the last quarter. Parnassus Investments LLC boosted its holdings in shares of Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after acquiring an additional 2,191,342 shares during the period. Putnam Investments LLC grew its position in shares of Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Oracle by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after acquiring an additional 204,546 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.4 %

Shares of NYSE:ORCL traded up $0.57 during midday trading on Friday, hitting $144.95. 1,071,789 shares of the stock were exchanged, compared to its average volume of 8,584,635. The company has a market capitalization of $399.46 billion, a PE ratio of 38.92, a P/E/G ratio of 2.62 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $145.79. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The business’s fifty day simple moving average is $127.54 and its two-hundred day simple moving average is $119.13.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.35 earnings per share. As a group, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ORCL shares. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. DA Davidson reiterated a “neutral” rating and set a $105.00 price objective on shares of Oracle in a research report on Wednesday, June 12th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, Piper Sandler lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Activity

In other Oracle news, insider Edward Screven sold 37,221 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oracle news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by corporate insiders.

About Oracle

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.