Clearstead Trust LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)

Clearstead Trust LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268 shares of the enterprise software provider’s stock after selling 125 shares during the quarter. Clearstead Trust LLC’s holdings in Oracle were worth $28,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Avidian Wealth Solutions LLC raised its holdings in Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after acquiring an additional 90 shares in the last quarter. Bison Wealth LLC lifted its position in Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares during the period. MONECO Advisors LLC boosted its stake in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after buying an additional 94 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after buying an additional 96 shares during the period. Finally, Nicholas Hoffman & Company LLC. raised its stake in shares of Oracle by 1.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of Oracle 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Up 0.7 %

Shares of NYSE:ORCL traded up $0.84 during trading on Friday, hitting $115.80. 4,484,976 shares of the company’s stock were exchanged, compared to its average volume of 6,128,065. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market cap of $318.28 billion, a P/E ratio of 30.55, a PEG ratio of 2.32 and a beta of 1.03. The firm has a 50-day moving average price of $119.91 and a two-hundred day moving average price of $113.38. Oracle Co. has a 1-year low of $94.41 and a 1-year high of $132.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS 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 company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. HSBC upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Finally, The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.