Everett Harris & Co. CA Reduces Position in Oracle Co. (NYSE:ORCL)

Everett Harris & Co. CA cut its position in Oracle Co. (NYSE:ORCL) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,969 shares of the enterprise software provider’s stock after selling 100 shares during the period. Everett Harris & Co. CA’s holdings in Oracle were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ORCL. Fairfield Bush & CO. grew its position in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after buying an additional 2,221 shares during the last quarter. AMI Investment Management Inc. grew its position in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after buying an additional 579 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after buying an additional 3,038 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.29 on Thursday, reaching $125.56. 6,586,560 shares of the company’s stock were exchanged, compared to its average volume of 9,215,633. The firm has a market capitalization of $345.10 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.45 and a beta of 1.00. Oracle Co. has a fifty-two week low of $89.71 and a fifty-two week high of $132.77. The business’s 50-day moving average is $116.38 and its two-hundred day moving average is $111.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ORCL shares. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Evercore ISI decreased their price target on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Piper Sandler reduced their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.