Oracle Co. (NYSE:ORCL) Holdings Reduced by Liberty Wealth Management LLC

Liberty Wealth Management LLC decreased its position in Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,008 shares of the enterprise software provider’s stock after selling 170 shares during the period. Liberty Wealth Management LLC’s holdings in Oracle were worth $4,001,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Down 3.0 %

Oracle stock opened at $144.29 on Wednesday. The company has a market capitalization of $403.58 billion, a P/E ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07. The firm’s fifty day simple moving average is $166.82 and its 200-day simple moving average is $169.62. 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 Co. has a 1-year low of $112.78 and a 1-year high of $198.31.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Piper Sandler reduced their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday. Bank of America reduced their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, KeyCorp restated an “overweight” rating and set a $200.00 target price on shares of Oracle in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.92.

About Oracle

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.