White Pine Capital LLC Has $1.11 Million Position in Oracle Co. (NYSE:ORCL)

White Pine Capital LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 3.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,564 shares of the enterprise software provider’s stock after selling 345 shares during the quarter. White Pine Capital LLC’s holdings in Oracle were worth $1,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Strategic Blueprint LLC lifted its holdings in shares of Oracle by 5.1% during the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock worth $432,000 after buying an additional 197 shares during the last quarter. Connecticut Wealth Management LLC grew its holdings in shares of Oracle by 62.9% during the third quarter. Connecticut Wealth Management LLC now owns 4,569 shares of the enterprise software provider’s stock worth $484,000 after purchasing an additional 1,765 shares during the last quarter. KRS Capital Management LLC grew its holdings in shares of Oracle by 50.3% during the third quarter. KRS Capital Management LLC now owns 8,953 shares of the enterprise software provider’s stock worth $948,000 after purchasing an additional 2,996 shares during the last quarter. Investment Research & Advisory Group Inc. grew its holdings in shares of Oracle by 92.9% during the third quarter. Investment Research & Advisory Group Inc. now owns 623 shares of the enterprise software provider’s stock worth $66,000 after purchasing an additional 300 shares during the last quarter. Finally, Zullo Investment Group Inc. grew its holdings in shares of Oracle by 17.6% during the third quarter. Zullo Investment Group Inc. now owns 2,157 shares of the enterprise software provider’s stock worth $229,000 after purchasing an additional 323 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORCL shares. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Piper Sandler cut their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Up 2.0 %

ORCL stock traded up $2.32 during mid-day 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 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 $119.42 and a two-hundred day simple moving average of $113.11. The company has a market capitalization of $322.15 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. As a group, equities analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal 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 given 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 payout ratio is 42.22%.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.