Dynamic Advisor Solutions LLC Sells 3,465 Shares of Oracle Co. (NYSE:ORCL)

Dynamic Advisor Solutions LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,574 shares of the enterprise software provider's stock after selling 3,465 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Oracle were worth $2,595,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ORCL. Susquehanna Fundamental Investments LLC bought a new stake in Oracle during the 2nd quarter valued at $1,516,000. Susquehanna International Group Ltd. bought a new stake in shares of Oracle in the 2nd quarter valued at about $4,597,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of Oracle by 10.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 9,374 shares of the enterprise software provider's stock worth $1,324,000 after buying an additional 857 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Oracle by 2.1% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 67,451 shares of the enterprise software provider's stock worth $9,524,000 after acquiring an additional 1,359 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Oracle by 11.4% during the second quarter. Kathmere Capital Management LLC now owns 12,146 shares of the enterprise software provider's stock valued at $1,715,000 after acquiring an additional 1,240 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Friday. Finally, Citigroup lifted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Price Performance

NYSE:ORCL traded down $2.88 during trading hours on Friday, hitting $183.59. The company's stock had a trading volume of 12,140,455 shares, compared to its average volume of 9,551,565. The company has a market capitalization of $513.50 billion, a PE ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The business's 50-day moving average is $174.41 and its two-hundred day moving average is $162.64. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. As a group, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is presently 39.12%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company's stock.

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.