Oracle Co. (NYSE:ORCL) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,840 shares of the enterprise software provider’s stock after selling 269 shares during the period. Stockman Wealth Management Inc.’s holdings in Oracle were worth $973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. R Squared Ltd acquired a new position in Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew 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 buying an additional 87 shares during the period. Reston Wealth Management LLC purchased a new stake in Oracle during the third quarter worth approximately $44,000. Synergy Asset Management LLC purchased a new stake in Oracle during the fourth quarter worth approximately $47,000. Finally, Avondale Wealth Management purchased a new stake in Oracle during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. KeyCorp increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Up 1.3 %

Oracle stock opened at $174.53 on Friday. The stock has a market cap of $488.15 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50-day moving average price is $170.42 and its two-hundred day moving average price is $164.35. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.