Oracle Co. (NYSE:ORCL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in Oracle Co. (NYSE:ORCL) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,769,566 shares of the enterprise software provider’s stock after selling 198,043 shares during the period. Stifel Financial Corp owned approximately 0.06% of Oracle worth $294,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,453,328 shares of company stock valued at $454,439,851 in the last three months. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on ORCL. Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Morgan Stanley lowered their price target on Oracle from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reduced their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.73.

Oracle Trading Down 0.9 %

Shares of ORCL stock opened at $128.56 on Monday. The company has a 50-day moving average of $150.85 and a two-hundred day moving average of $166.33. The firm has a market cap of $359.58 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company earned $1.41 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

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.