Moisand Fitzgerald Tamayo LLC Cuts Position in Oracle Co. (NYSE:ORCL)

Moisand Fitzgerald Tamayo LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,959 shares of the enterprise software provider’s stock after selling 91 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Oracle were worth $660,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Colonial River Investments LLC purchased a new position in Oracle during the 4th quarter valued at approximately $767,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oracle in the 4th quarter worth approximately $3,962,000. World Equity Group Inc. boosted its holdings in shares of Oracle by 108.9% in the 4th quarter. World Equity Group Inc. now owns 8,304 shares of the enterprise software provider’s stock worth $1,384,000 after purchasing an additional 4,329 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its holdings in shares of Oracle by 6.7% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 48,008 shares of the enterprise software provider’s stock worth $8,000,000 after purchasing an additional 3,023 shares during the period. Finally, Howard Capital Management Inc. boosted its holdings in shares of Oracle by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 10,013 shares of the enterprise software provider’s stock worth $1,669,000 after purchasing an additional 517 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was 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 directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by company insiders.

Oracle Trading Down 4.6 %

ORCL opened at $167.92 on Monday. The firm has a market cap of $469.66 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. 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 12 month low of $109.66 and a 12 month high of $198.31. The stock has a fifty day moving average price of $168.99 and a 200-day moving average price of $167.58.

Oracle (NYSE:ORCL) last released 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 during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue 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 anticipate 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. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ORCL shares. KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets raised their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Company 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.