Convergence Investment Partners LLC Has $1.16 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Convergence Investment Partners LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,976 shares of the enterprise software provider’s stock after selling 866 shares during the quarter. Convergence Investment Partners LLC’s holdings in Oracle were worth $1,157,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in Oracle in the third quarter worth $27,000. Cornerstone Planning Group LLC grew its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after buying an additional 216 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

Shares of NYSE:ORCL traded up $2.32 during trading on Friday, reaching $117.21. The company had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The company has a fifty day moving average of $119.42 and a two-hundred day moving average of $113.13. The stock has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

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.