Magnus Financial Group LLC Sells 200 Shares of Oracle Co. (NYSE:ORCL)

Magnus Financial Group LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,911 shares of the enterprise software provider’s stock after selling 200 shares during the period. Magnus Financial Group LLC’s holdings in Oracle were worth $729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Orion Capital Management LLC bought a new position in Oracle in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new stake in Oracle during the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC grew its holdings 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 acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. grew 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 worth $39,000 after acquiring an additional 216 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of ORCL stock opened at $117.51 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52-week low of $93.85 and a 52-week high of $132.77. The firm has a market cap of $322.98 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.35 and a beta of 1.01. The company’s 50 day moving average is $119.42 and its 200 day moving average is $113.16.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Insider Activity at Oracle

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ORCL shares. BMO Capital Markets boosted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Finally, Oppenheimer began coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.