SNS Financial Group LLC Lowers Holdings in Oracle Co. (NYSE:ORCL)

SNS Financial Group LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 15.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,751 shares of the enterprise software provider’s stock after selling 884 shares during the period. SNS Financial Group LLC’s holdings in Oracle were worth $792,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its position in shares of 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 buying an additional 87 shares during the period. TFC Financial Management Inc. raised its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at $44,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ORCL shares. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, DA Davidson raised their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

NYSE ORCL opened at $181.51 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The business’s 50-day moving average price is $169.09 and its 200 day moving average price is $166.67. The firm has a market cap of $507.68 billion, a P/E ratio of 44.38, a P/E/G ratio of 3.43 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 company 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 business earned $1.34 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% 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.