REDW Wealth LLC Sells 1,380 Shares of Oracle Co. (NYSE:ORCL)

REDW Wealth LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 41.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,943 shares of the enterprise software provider’s stock after selling 1,380 shares during the period. REDW Wealth LLC’s holdings in Oracle were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ORCL. Raymond James Financial Inc. bought a new position in Oracle in the 4th quarter worth $930,095,000. Franklin Resources Inc. lifted its holdings in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. State Street Corp boosted its holdings in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Amundi grew its holdings in Oracle by 15.2% during the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after buying an additional 1,623,609 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in Oracle by 3,805.0% in the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after purchasing an additional 941,819 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 3.3 %

Shares of NYSE:ORCL opened at $155.89 on Monday. Oracle Co. has a 52 week low of $111.18 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $436.01 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The firm has a 50 day simple moving average of $167.63 and a 200 day simple moving average of $169.51.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ORCL shares. UBS Group upped their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their target price 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, Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average 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.