Bryn Mawr Capital Management LLC Cuts Position in Oracle Co. (NYSE:ORCL)

Bryn Mawr Capital Management LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,790 shares of the enterprise software provider’s stock after selling 160 shares during the period. Oracle comprises about 1.5% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 12th largest holding. Bryn Mawr Capital Management LLC’s holdings in Oracle were worth $24,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Oracle by 4.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,265,146 shares of the enterprise software provider’s stock worth $133,384,000 after buying an additional 57,703 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Oracle by 1.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 938,301 shares of the enterprise software provider’s stock worth $98,925,000 after buying an additional 11,891 shares during the last quarter. Syon Capital LLC boosted its holdings in Oracle by 42.6% in the 4th quarter. Syon Capital LLC now owns 26,038 shares of the enterprise software provider’s stock worth $2,745,000 after buying an additional 7,777 shares during the last quarter. Two Point Capital Management Inc. boosted its holdings in Oracle by 11.0% in the 4th quarter. Two Point Capital Management Inc. now owns 83,913 shares of the enterprise software provider’s stock worth $8,847,000 after buying an additional 8,301 shares during the last quarter. Finally, Meritage Portfolio Management boosted its holdings in Oracle by 41.5% in the 4th quarter. Meritage Portfolio Management now owns 3,412 shares of the enterprise software provider’s stock worth $360,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.0 %

Oracle stock opened at $117.21 on Friday. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The stock’s fifty day simple moving average is $119.42 and its 200-day simple moving average is $113.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. As a group, equities analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s payout ratio is currently 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ORCL. HSBC boosted their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Piper Sandler decreased 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. Finally, Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.