Golden Road Advisors LLC Has $279,000 Stake in Oracle Co. (NYSE:ORCL)

Golden Road Advisors LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,672 shares of the enterprise software provider’s stock after selling 161 shares during the period. Golden Road Advisors LLC’s holdings in Oracle were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. Wealth Group Ltd. bought a new position in Oracle during the 3rd quarter worth $222,000. Retirement Planning Group LLC increased its stake in shares of Oracle by 9.1% in the 3rd quarter. Retirement Planning Group LLC now owns 3,281 shares of the enterprise software provider’s stock valued at $559,000 after purchasing an additional 273 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Oracle by 157.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock valued at $782,000 after purchasing an additional 2,802 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of Oracle by 6.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 10,276 shares of the enterprise software provider’s stock valued at $1,751,000 after purchasing an additional 641 shares during the last quarter. Finally, Gilman Hill Asset Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at $212,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group raised their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Up 2.6 %

Shares of NYSE ORCL opened at $178.97 on Tuesday. The firm’s 50-day moving average price is $170.42 and its 200-day moving average price is $164.68. 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 stock has a market capitalization of $500.58 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

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.