Oracle Co. (NYSE:ORCL) Stock Holdings Reduced by Northwest Financial Advisors

Northwest Financial Advisors cut its position in shares of 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 institutional investor owned 3,342 shares of the enterprise software provider’s stock after selling 374 shares during the period. Northwest Financial Advisors’ holdings in Oracle were worth $557,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC increased its stake in Oracle by 1.5% in the third 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 raised its position in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Requisite Capital Management LLC lifted its stake in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Finally, McLean Asset Management Corp boosted its holdings in shares of Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 13.9 %

Shares of NYSE ORCL opened at $158.10 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. 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 $442.19 billion, a PE ratio of 38.65, a P/E/G ratio of 3.62 and a beta of 1.06. The company’s fifty day simple moving average is $174.41 and its 200 day simple moving average is $162.79.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. As a group, sell-side 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. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle 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.