Strategic Investment Advisors MI Sells 179 Shares of Oracle Co. (NYSE:ORCL)

Strategic Investment Advisors MI trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,160 shares of the enterprise software provider’s stock after selling 179 shares during the quarter. Strategic Investment Advisors MI’s holdings in Oracle were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in Oracle in the 2nd quarter worth $1,516,000. SkyView Investment Advisors LLC raised its holdings in Oracle by 30.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 5,185 shares of the enterprise software provider’s stock worth $732,000 after purchasing an additional 1,209 shares during the period. Aviso Wealth Management raised its holdings in Oracle by 7.5% in the 2nd quarter. Aviso Wealth Management now owns 3,375 shares of the enterprise software provider’s stock worth $476,000 after purchasing an additional 235 shares during the period. Creative Planning raised its holdings in Oracle by 23.1% in the 2nd quarter. Creative Planning now owns 744,571 shares of the enterprise software provider’s stock worth $105,133,000 after purchasing an additional 139,513 shares during the period. Finally, Magnolia Capital Advisors LLC raised its holdings in Oracle by 91.0% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 12,869 shares of the enterprise software provider’s stock worth $1,817,000 after purchasing an additional 6,130 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 1.5 %

Oracle stock opened at $183.59 on Monday. The business has a fifty day moving average of $174.41 and a two-hundred day moving average of $162.64. 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 cap of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value 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 $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Piper Sandler increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus increased their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.