Notis McConarty Edward Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Notis McConarty Edward reduced its holdings in Oracle Co. (NYSE:ORCL) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,500 shares of the enterprise software provider’s stock after selling 350 shares during the period. Notis McConarty Edward’s holdings in Oracle were worth $1,416,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ORCL. R Squared Ltd bought a new stake in Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in 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 during the period. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in Oracle in the fourth quarter worth $47,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,448,328 shares of company stock worth $453,791,001. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of ORCL stock opened at $128.17 on Friday. The stock’s 50-day simple moving average is $160.05 and its 200-day simple moving average is $169.33. The firm has a market capitalization of $358.48 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 3.46 and a beta of 1.22. 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 fifty-two week low of $112.78 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. DA Davidson reissued a “neutral” rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Piper Sandler cut their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. BMO Capital Markets dropped their price objective on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Finally, Cantor Fitzgerald reduced their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.65.

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.