Tranquilli Financial Advisor LLC Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

Tranquilli Financial Advisor LLC lowered its position in Oracle Co. (NYSE:ORCL) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,627 shares of the enterprise software provider’s stock after selling 1,525 shares during the period. Tranquilli Financial Advisor LLC’s holdings in Oracle were worth $938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd purchased a new stake in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC lifted its stake in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth $44,000. Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $47,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle during the third quarter worth about $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.60 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50 day moving average price is $171.89 and its 200-day moving average price is $163.58. The stock has a market capitalization of $471.57 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. DA Davidson upped their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target for the company. Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.