Saxon Interests Inc. Lowers Position in Oracle Co. (NYSE:ORCL)

Saxon Interests Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 91.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,094 shares of the enterprise software provider’s stock after selling 21,304 shares during the period. Saxon Interests Inc.’s holdings in Oracle were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ORCL. Bison Wealth LLC boosted its stake in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the last quarter. Founders Capital Management increased its stake in Oracle by 4.0% during the third quarter. Founders Capital Management now owns 2,443 shares of the enterprise software provider’s stock worth $259,000 after acquiring an additional 93 shares during the last quarter. MONECO Advisors LLC raised its position in Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares during the period. Mascoma Wealth Management LLC grew its holdings in shares of Oracle by 15.7% during the 3rd quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after purchasing an additional 95 shares during the period. Finally, Everhart Financial Group Inc. increased its position in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after purchasing an additional 96 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. HSBC raised their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Wolfe Research decreased their target price on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. UBS Group dropped their target price on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, December 12th. Finally, William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.29 during trading on Thursday, reaching $125.56. The company had a trading volume of 6,586,560 shares, compared to its average volume of 9,215,633. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $116.38 and its 200 day moving average price is $111.47. Oracle Co. has a fifty-two week low of $89.71 and a fifty-two week high of $132.77. The firm has a market capitalization of $345.10 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.