Oracle Co. (NYSE:ORCL) Stock Position Lessened by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC lessened its stake in Oracle Co. (NYSE:ORCL - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,880 shares of the enterprise software provider's stock after selling 1,880 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Oracle were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Second Line Capital LLC lifted its stake in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after purchasing an additional 58 shares in the last quarter. Requisite Capital Management LLC lifted its stake in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after acquiring an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares during the period. McLean Asset Management Corp grew its position in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after acquiring an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC increased its stake in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after purchasing an additional 63 shares during the period. Institutional investors own 42.44% of the company's stock.

Remove Ads

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,448,328 shares of company stock valued at $453,791,001. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Morgan Stanley dropped their price objective on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price target for the company. KeyCorp reiterated an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Piper Sandler lowered their target price on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Evercore ISI reduced their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Stock Up 1.6 %

ORCL traded up $2.06 on Monday, reaching $134.41. The company's stock had a trading volume of 2,556,280 shares, compared to its average volume of 12,033,354. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The business's 50 day moving average is $155.25 and its 200 day moving average is $167.63. The stock has a market cap of $375.94 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

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.