Bailard Inc. Reduces Holdings in Oracle Co. (NYSE:ORCL)

Bailard Inc. cut its stake in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 81,094 shares of the enterprise software provider’s stock after selling 525 shares during the quarter. Bailard Inc.’s holdings in Oracle were worth $13,513,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORCL. Principal Financial Group Inc. raised its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. raised its position in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares during the last quarter. RMR Wealth Builders raised its position in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Oracle in the 4th quarter worth approximately $1,800,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Guggenheim increased their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $166.09 on Friday. The company has a market cap of $464.55 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 3.46 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s fifty day simple moving average is $168.93 and its two-hundred day simple moving average is $168.60. Oracle Co. has a 12 month low of $110.36 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business earned $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.