Charles Schwab Investment Management Inc. Sells 1,283,308 Shares of Oracle Co. (NYSE:ORCL)

Charles Schwab Investment Management Inc. lessened its holdings in Oracle Co. (NYSE:ORCL) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,880,955 shares of the enterprise software provider’s stock after selling 1,283,308 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.39% of Oracle worth $1,813,202,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. R Squared Ltd acquired a new position in Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Synergy Asset Management LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $47,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $47,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ORCL. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. DA Davidson raised their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a research note on Monday, February 10th. Finally, Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $161.91 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 1 year low of $110.36 and a 1 year high of $198.31. The stock’s 50-day moving average is $168.79 and its two-hundred day moving average is $169.01. The firm has a market cap of $452.86 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. Oracle’s revenue was up 8.6% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s payout ratio is currently 39.12%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. 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 $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by corporate insiders.

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.