Obermeyer Wood Investment Counsel Lllp Decreases Holdings in Oracle Co. (NYSE:ORCL)

Obermeyer Wood Investment Counsel Lllp lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,597 shares of the enterprise software provider’s stock after selling 1,657 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Oracle were worth $17,881,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Xponance Inc. boosted its position in Oracle by 2.6% during the fourth quarter. Xponance Inc. now owns 269,661 shares of the enterprise software provider’s stock worth $28,430,000 after purchasing an additional 6,924 shares during the period. Flynn Zito Capital Management LLC boosted its position in Oracle by 4.4% during the fourth quarter. Flynn Zito Capital Management LLC now owns 3,336 shares of the enterprise software provider’s stock worth $352,000 after purchasing an additional 140 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in Oracle by 16.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 6,851 shares of the enterprise software provider’s stock worth $722,000 after purchasing an additional 988 shares during the period. Federated Hermes Inc. boosted its position in Oracle by 5.7% during the fourth quarter. Federated Hermes Inc. now owns 48,925 shares of the enterprise software provider’s stock worth $5,158,000 after purchasing an additional 2,620 shares during the period. Finally, HF Advisory Group LLC boosted its position in Oracle by 43.6% during the fourth quarter. HF Advisory Group LLC now owns 8,554 shares of the enterprise software provider’s stock worth $902,000 after purchasing an additional 2,596 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Down 2.2 %

Oracle stock traded down $2.67 during mid-day trading on Thursday, reaching $116.00. The stock had a trading volume of 6,656,497 shares, compared to its average volume of 8,598,674. The company has a market capitalization of $318.83 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01. The company has a 50-day moving average price of $119.28 and a two-hundred day moving average price of $112.78. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last announced its quarterly 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. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS. On average, analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Piper Sandler cut their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target 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.