Altrius Capital Management Inc Sells 235 Shares of Oracle Co. (NYSE:ORCL)

Altrius Capital Management Inc lessened its position in Oracle Co. (NYSE:ORCL) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,294 shares of the enterprise software provider’s stock after selling 235 shares during the period. Altrius Capital Management Inc’s holdings in Oracle were worth $664,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ORCL. Sandy Spring Bank boosted its stake in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after purchasing an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI boosted its stake in shares of Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after purchasing an additional 200 shares in the last quarter. Quantum Private Wealth LLC bought a new stake in shares of Oracle during the 3rd quarter valued at about $229,000. Cooper Financial Group boosted its stake in shares of Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Oracle during the 4th quarter valued at about $171,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. HSBC lifted their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer started coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of ORCL traded down $0.72 during mid-day trading on Monday, hitting $116.49. 4,994,192 shares of the company traded hands, compared to its average volume of 8,435,556. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average price of $119.42 and a two-hundred day moving average price of $113.16. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The stock has a market cap of $320.17 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 42.22%.

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.