Oracle Co. (NYSE:ORCL) Stock Position Reduced by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,947 shares of the enterprise software provider’s stock after selling 609 shares during the quarter. Oracle comprises 0.8% of Calamos Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Calamos Wealth Management LLC’s holdings in Oracle were worth $16,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Crews Bank & Trust bought a new position in shares of Oracle during the fourth quarter worth $1,800,000. Finally, Chase Investment Counsel Corp bought a new position in Oracle during the 3rd quarter worth about $4,160,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $168.60 on Tuesday. The firm has a market cap of $471.57 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm’s 50-day simple moving average is $171.89 and its 200-day simple moving average is $163.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on ORCL shares. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. Piper Sandler boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. UBS Group increased their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. DA Davidson lifted 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. Finally, Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.