Oracle Co. (NYSE:ORCL) Shares Sold by Lountzis Asset Management LLC

Lountzis Asset Management LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,555 shares of the enterprise software provider’s stock after selling 391 shares during the quarter. Oracle makes up about 4.3% of Lountzis Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Lountzis Asset Management LLC’s holdings in Oracle were worth $10,091,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wealth Group Ltd. acquired a new stake in Oracle in the 3rd quarter valued at about $222,000. Howard Capital Management Group LLC increased its holdings in shares of Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares in the last quarter. Stanley Laman Group Ltd. raised its position in Oracle by 43.5% in the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock worth $440,000 after purchasing an additional 783 shares during the last quarter. Tempus Wealth Planning LLC lifted its holdings in Oracle by 3.1% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,931 shares of the enterprise software provider’s stock worth $2,203,000 after buying an additional 391 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in Oracle by 3.5% in the 3rd quarter. BLB&B Advisors LLC now owns 6,655 shares of the enterprise software provider’s stock valued at $1,134,000 after buying an additional 227 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 other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.0 %

Shares of ORCL stock opened at $181.51 on Thursday. The firm has a market capitalization of $507.68 billion, a P/E ratio of 44.38, a PEG ratio of 3.54 and a beta of 1.05. The firm’s fifty day moving average price is $169.09 and its two-hundred day moving average price is $166.67. 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 $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.34 earnings per share. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared 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 0.88%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Finally, Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.