Oracle Co. (NYSE:ORCL) Shares Sold by Liberty Wealth Management LLC

Liberty Wealth Management LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,008 shares of the enterprise software provider’s stock after selling 170 shares during the period. Liberty Wealth Management LLC’s holdings in Oracle were worth $4,001,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. grew its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC purchased a new stake in Oracle in the 4th quarter worth approximately $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL opened at $144.29 on Wednesday. The company has a 50-day moving average of $166.82 and a 200-day moving average of $169.62. The company has a market capitalization of $403.58 billion, a P/E ratio of 35.28, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. 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 (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. Equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORCL. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday. Citigroup reaffirmed an “overweight” rating on shares of Oracle in a research note on Tuesday. Piper Sandler lowered their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.92.

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.