Marks Group Wealth Management Inc Sells 202 Shares of Oracle Co. (NYSE:ORCL)

Marks Group Wealth Management Inc trimmed its holdings in Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,180 shares of the enterprise software provider’s stock after selling 202 shares during the period. Marks Group Wealth Management Inc’s holdings in Oracle were worth $2,196,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ORCL. Kentucky Trust Co acquired a new position in Oracle during the fourth quarter worth $442,000. Gladstone Institutional Advisory LLC boosted its stake in shares of Oracle by 26.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 34,661 shares of the enterprise software provider’s stock worth $5,776,000 after acquiring an additional 7,208 shares in the last quarter. TFB Advisors LLC increased its holdings in shares of Oracle by 8.3% during the 4th quarter. TFB Advisors LLC now owns 5,873 shares of the enterprise software provider’s stock valued at $979,000 after acquiring an additional 451 shares during the last quarter. Capital Advisors Inc. OK raised its stake in shares of Oracle by 4.4% in the 4th quarter. Capital Advisors Inc. OK now owns 23,736 shares of the enterprise software provider’s stock valued at $3,955,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Certuity LLC lifted its holdings in Oracle by 28.9% in the 4th quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider’s stock worth $1,302,000 after purchasing an additional 1,753 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ORCL. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued 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.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 1.0 %

ORCL stock opened at $177.18 on Wednesday. Oracle Co. has a 1-year low of $106.51 and a 1-year 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 business’s 50 day moving average is $170.37 and its 200-day moving average is $164.97. The firm has a market cap of $495.57 billion, a P/E ratio of 43.32, a P/E/G ratio of 3.39 and a beta of 1.05.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

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.