Kiley Juergens Wealth Management LLC Sells 4,654 Shares of Oracle Co. (NYSE:ORCL)

Kiley Juergens Wealth Management LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,664 shares of the enterprise software provider’s stock after selling 4,654 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Oracle were worth $1,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. State Street Corp boosted its stake in Oracle by 2.6% in the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock worth $5,815,566,000 after purchasing an additional 1,570,528 shares in the last quarter. Morgan Stanley boosted its stake in Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after purchasing an additional 1,794,080 shares in the last quarter. Northern Trust Corp boosted its stake in Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares in the last quarter. Finally, Norges Bank acquired a new stake in Oracle in the 4th quarter worth approximately $1,409,896,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ORCL shares. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. 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 research note on Wednesday, March 13th. Piper Sandler decreased their price objective 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. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of Oracle stock traded up $0.74 during trading hours on Tuesday, reaching $120.62. 6,998,486 shares of the company’s stock were exchanged, compared to its average volume of 8,669,270. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a market capitalization of $331.52 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The business has a fifty day moving average of $119.15 and a two-hundred day moving average of $112.63. 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 released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) 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 business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

About Oracle

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.