Oracle Co. (NYSE:ORCL) Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,103 shares of the enterprise software provider’s stock after selling 975 shares during the quarter. Oracle comprises 1.4% of Mcdonald Partners LLC’s portfolio, making the stock its 11th largest position. Mcdonald Partners LLC’s holdings in Oracle were worth $5,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wealth Group Ltd. acquired a new stake in shares of Oracle in the third quarter valued at approximately $222,000. Howard Capital Management Group LLC grew its holdings in Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in Oracle by 3.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,250 shares of the enterprise software provider’s stock valued at $1,917,000 after acquiring an additional 396 shares during the period. Vest Financial LLC raised its stake in Oracle by 127.0% during the 3rd quarter. Vest Financial LLC now owns 26,229 shares of the enterprise software provider’s stock valued at $4,469,000 after acquiring an additional 14,675 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. acquired a new position in Oracle during the 3rd quarter worth $220,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ORCL shares. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. DA Davidson upped their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.2 %

NYSE:ORCL opened at $173.50 on Tuesday. The stock’s 50-day moving average is $168.99 and its two-hundred day moving average is $166.24. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $485.27 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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 firm posted $1.34 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. 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 0.92%. Oracle’s payout ratio is 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.