Sargent Investment Group LLC Decreases Position in Oracle Co. (NYSE:ORCL)

Sargent Investment Group LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,274 shares of the enterprise software provider’s stock after selling 2,411 shares during the period. Sargent Investment Group LLC’s holdings in Oracle were worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ORCL. Guidance Capital Inc. grew its stake in Oracle by 15.6% during the 4th quarter. Guidance Capital Inc. now owns 6,143 shares of the enterprise software provider’s stock worth $1,128,000 after purchasing an additional 829 shares in the last quarter. Avitas Wealth Management LLC grew its position in shares of Oracle by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 16,401 shares of the enterprise software provider’s stock worth $2,733,000 after buying an additional 87 shares in the last quarter. Bay Harbor Wealth Management LLC increased its stake in shares of Oracle by 14.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 747 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 94 shares during the period. Greenwood Capital Associates LLC raised its holdings in Oracle by 12.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 45,504 shares of the enterprise software provider’s stock valued at $7,583,000 after acquiring an additional 5,090 shares in the last quarter. Finally, E. Ohman J or Asset Management AB lifted its stake in Oracle by 212.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 75,640 shares of the enterprise software provider’s stock worth $12,605,000 after acquiring an additional 51,440 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORCL. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. KeyCorp increased their price target 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. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling at Oracle

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

Oracle Trading Down 0.4 %

Shares of ORCL opened at $167.98 on Wednesday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. 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 firm has a market capitalization of $469.83 billion, a P/E ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. The firm’s 50-day moving average is $171.50 and its two-hundred day moving average is $163.79.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is 39.12%.

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.