Oracle Co. (NYSE:ORCL) Shares Sold by FreeGulliver LLC

FreeGulliver LLC lowered its position in Oracle Co. (NYSE:ORCL) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,185 shares of the enterprise software provider’s stock after selling 315 shares during the quarter. FreeGulliver LLC’s holdings in Oracle were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new position in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC lifted its stake 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 purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter worth about $34,000. TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% during 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 in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ORCL shares. DA Davidson restated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. KeyCorp restated an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Morgan Stanley dropped their target price on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler dropped their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock 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 given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $179.71.

Insider Transactions at Oracle

In other Oracle 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 value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 2.9 %

NYSE:ORCL opened at $149.48 on Wednesday. The firm has a market capitalization of $418.10 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The stock has a 50 day moving average of $165.32 and a 200-day moving average of $170.01. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s payout ratio is currently 46.95%.

Oracle 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.