StrategIQ Financial Group LLC Sells 119 Shares of Oracle Co. (NYSE:ORCL)

StrategIQ Financial Group LLC lowered its position in Oracle Co. (NYSE:ORCLFree Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,449 shares of the enterprise software provider’s stock after selling 119 shares during the period. StrategIQ Financial Group LLC’s holdings in Oracle were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Oracle in the 4th quarter valued at about $1,409,896,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Oracle by 112,785.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after purchasing an additional 10,822,934 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. grew its holdings in Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. Finally, Morgan Stanley raised its position in Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORCL. 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. UBS Group decreased their price objective on shares of Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, December 12th. KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Evercore ISI reduced their target price on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. Finally, HSBC boosted their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

View Our Latest Analysis on Oracle

Oracle Price Performance

NYSE ORCL traded up $1.40 during trading hours on Wednesday, reaching $125.74. 2,109,349 shares of the stock traded hands, compared to its average volume of 8,952,471. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $117.60 and a two-hundred day simple moving average of $111.72. Oracle Co. has a 1 year low of $92.93 and a 1 year high of $132.77. The company has a market cap of $345.60 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. On average, analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

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

Oracle Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.