Coldstream Capital Management Inc. Increases Stake in Oracle Co. (NYSE:ORCL)

Coldstream Capital Management Inc. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,281 shares of the enterprise software provider’s stock after buying an additional 299 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Oracle were worth $11,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. lifted its stake in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders lifted its stake in Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Oracle in the fourth quarter valued at about $1,800,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL opened at $138.50 on Friday. The firm has a market capitalization of $387.38 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.46 and a beta of 1.22. The firm’s fifty day simple moving average is $146.54 and its 200-day simple moving average is $165.02. 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 twelve month low of $113.65 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business posted $1.41 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Bank of America decreased their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Mizuho cut their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday. Finally, Jefferies Financial Group dropped their price target on shares of Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $174.42.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.20% of the stock is currently owned by company insiders.

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.