Taylor Financial Group Inc. Sells 100 Shares of Oracle Co. (NYSE:ORCL)

Taylor Financial Group Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,616 shares of the enterprise software provider’s stock after selling 100 shares during the period. Oracle makes up 2.5% of Taylor Financial Group Inc.’s holdings, making the stock its 6th largest position. Taylor Financial Group Inc.’s holdings in Oracle were worth $3,602,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Oracle in the fourth quarter valued at about $930,095,000. Polen Capital Management LLC increased its holdings in shares of Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares during the period. Franklin Resources Inc. increased 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 valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp increased its holdings in shares of Oracle by 2.7% in the third 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 period. Finally, Amundi increased its holdings in shares of Oracle by 15.2% in the fourth quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after purchasing an additional 1,623,609 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $154.01 on Tuesday. The company has a market cap of $430.76 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The stock’s 50 day simple moving average is $165.57 and its 200-day simple moving average is $169.95. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORCL shares. Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Evercore ISI dropped their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. DA Davidson reaffirmed a “neutral” rating and set a $150.00 target price on shares of Oracle in a report on Tuesday, March 11th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler dropped their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $179.71.

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.