Checchi Capital Advisers LLC Lowers Stock Position in Oracle Co. (NYSE:ORCL)

Checchi Capital Advisers LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,561 shares of the enterprise software provider’s stock after selling 2,002 shares during the period. Checchi Capital Advisers LLC’s holdings in Oracle were worth $5,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Impact Investors Inc bought a new position in Oracle during the fourth quarter valued at approximately $304,000. Advisor OS LLC lifted its stake in Oracle by 20.0% in the fourth quarter. Advisor OS LLC now owns 3,678 shares of the enterprise software provider’s stock worth $613,000 after purchasing an additional 612 shares during the last quarter. Denali Advisors LLC grew its stake in shares of Oracle by 0.5% during the fourth quarter. Denali Advisors LLC now owns 29,112 shares of the enterprise software provider’s stock valued at $4,851,000 after buying an additional 150 shares during the last quarter. Kirtland Hills Capital Management LLC lifted its stake in shares of Oracle by 1.5% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 7,964 shares of the enterprise software provider’s stock valued at $1,327,000 after acquiring an additional 118 shares during the last quarter. Finally, FFT Wealth Management LLC grew its position in Oracle by 5.8% during the 4th quarter. FFT Wealth Management LLC now owns 2,020 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $168.51 on Wednesday. Oracle Co. has a one year low of $109.79 and a one year high of $198.31. The business has a fifty day moving average of $168.94 and a 200 day moving average of $168.12. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $471.31 billion, a P/E ratio of 41.20, a PEG ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $14.12 billion. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ORCL shares. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

About Oracle

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.