PFC Capital Group Inc. Decreases Stock Position in Oracle Co. (NYSE:ORCL)

PFC Capital Group Inc. decreased its position in shares of Oracle Co. (NYSE:ORCL) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,250 shares of the enterprise software provider’s stock after selling 263 shares during the period. PFC Capital Group Inc.’s holdings in Oracle were worth $541,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Diametric Capital LP acquired a new position in shares of Oracle in the fourth quarter worth about $244,000. Geode Capital Management LLC increased its holdings in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of Oracle in the 4th quarter valued at approximately $1,768,000. Nemes Rush Group LLC boosted its stake in shares of Oracle by 11.7% during the 4th quarter. Nemes Rush Group LLC now owns 20,357 shares of the enterprise software provider’s stock valued at $3,392,000 after buying an additional 2,140 shares during the last quarter. Finally, Tradewinds LLC. bought a new stake in shares of Oracle in the fourth quarter worth $251,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 0.6 %

NYSE:ORCL opened at $140.07 on Tuesday. The stock has a fifty day simple moving average of $163.52 and a 200 day simple moving average of $170.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $391.77 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of Oracle in a research report on Wednesday, March 5th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.00.

Oracle 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.