Oracle Co. (NYSE:ORCL) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,887 shares of the enterprise software provider’s stock after selling 1,568 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Oracle were worth $1,042,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ORCL. Orion Capital Management LLC purchased a new position in Oracle during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its stake in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORCL. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Piper Sandler reduced their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Down 0.1 %

Shares of ORCL traded down $0.09 during trading hours on Wednesday, reaching $115.00. The stock had a trading volume of 2,706,554 shares, compared to its average volume of 8,460,570. The company has a market capitalization of $316.08 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 2.30 and a beta of 1.01. The firm has a 50-day simple moving average of $119.23 and a 200 day simple moving average of $113.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. Equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.39%. Oracle’s payout ratio is currently 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by corporate insiders.

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.