Gallacher Capital Management LLC Sells 221 Shares of Oracle Co. (NYSE:ORCL)

Gallacher Capital Management LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,450 shares of the enterprise software provider’s stock after selling 221 shares during the quarter. Gallacher Capital Management LLC’s holdings in Oracle were worth $242,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new position in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC increased its position in Oracle by 89.7% in 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 period. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter worth about $34,000. TFC Financial Management Inc. increased its position in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in Oracle in the fourth quarter worth about $47,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.2 %

NYSE ORCL opened at $149.36 on Monday. The stock has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07. The stock’s 50 day moving average price is $165.80 and its two-hundred day moving average price is $169.85. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.34%. Oracle’s payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim reiterated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research report on Wednesday, March 5th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. DA Davidson reiterated a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Piper Sandler decreased their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, Morgan Stanley decreased their target price on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $179.71.

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.