Corient Private Wealth LLC Sells 184,479 Shares of Oracle Co. (NYSE:ORCL)

Corient Private Wealth LLC lowered its stake in Oracle Co. (NYSE:ORCL) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,052,024 shares of the enterprise software provider’s stock after selling 184,479 shares during the quarter. Corient Private Wealth LLC’s holdings in Oracle were worth $172,537,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. Activest Wealth Management boosted its position in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC boosted its position in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank boosted its position in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the last quarter. Requisite Capital Management LLC boosted its position in shares of Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its position in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Stifel Nicolaus decreased their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Finally, Piper Sandler decreased their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $179.71.

Oracle Price Performance

ORCL opened at $149.36 on Friday. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s fifty day simple moving average is $165.80 and its 200-day simple moving average is $169.63. The company has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 the consensus estimate of $14.40 billion. During the same period in the previous year, the company posted $1.41 EPS. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

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.