Abbrea Capital LLC Trims Holdings in Oracle Co. (NYSE:ORCL)

Abbrea Capital LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 66,372 shares of the enterprise software provider’s stock after selling 125 shares during the quarter. Oracle makes up about 1.0% of Abbrea Capital LLC’s holdings, making the stock its 24th largest holding. Abbrea Capital LLC’s holdings in Oracle were worth $6,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Oracle during the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in Oracle in the third quarter worth $27,000. Cornerstone Planning Group LLC lifted its position 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 last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 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 other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Piper Sandler decreased their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Oppenheimer initiated coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

NYSE:ORCL traded up $2.32 during trading hours on Friday, reaching $117.21. The company had a trading volume of 8,253,919 shares, compared to its average volume of 8,476,793. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The firm has a market cap of $322.15 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The business’s 50 day moving average price is $119.30 and its 200-day moving average price is $113.06. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Oracle 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.