Tilt Investment Management Holdings PBC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Tilt Investment Management Holdings PBC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,415 shares of the enterprise software provider’s stock after selling 1,679 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Oracle were worth $676,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ORCL. Orion Capital Management LLC bought a new position in Oracle in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in Oracle in the third quarter worth about $27,000. Cornerstone Planning Group LLC lifted its holdings in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its position in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on ORCL shares. BMO Capital Markets raised their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Eleven 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 currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Performance

ORCL traded down $2.78 during midday trading on Thursday, hitting $115.89. 4,002,292 shares of the company traded hands, compared to its average volume of 8,561,947. The company’s 50-day moving average is $119.28 and its 200 day moving average is $112.78. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market capitalization of $318.52 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date 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.