Oracle Co. (NYSE:ORCL) Stake Lowered by Cambridge Trust Co.

Cambridge Trust Co. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,241 shares of the enterprise software provider’s stock after selling 704 shares during the period. Cambridge Trust Co.’s holdings in Oracle were worth $4,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted 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 in the last quarter. Spartan Planning & Wealth Management bought a new stake in Oracle in the third quarter worth $27,000. Cornerstone Planning Group LLC boosted its holdings in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

NYSE:ORCL traded down $2.76 during mid-day trading on Thursday, hitting $115.91. The company’s stock had a trading volume of 3,665,382 shares, compared to its average volume of 8,555,161. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week 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. The company has a market capitalization of $318.58 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.33 and a beta of 1.01. The stock has a fifty day moving average of $119.28 and a 200-day moving average of $112.78.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. BMO Capital Markets upped their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. 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 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. Finally, The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.80% of the company’s stock.

Oracle 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.