Foundry Partners LLC Sells 2,085 Shares of Oracle Co. (NYSE:ORCL)

Foundry Partners LLC lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,038 shares of the enterprise software provider's stock after selling 2,085 shares during the quarter. Foundry Partners LLC's holdings in Oracle were worth $10,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter valued at $34,000. TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ORCL shares. Evercore ISI reduced their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Citigroup reduced their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Piper Sandler dropped their price target on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Bank of America cut their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.65.

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Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $9.06 during trading on Friday, reaching $128.17. 14,968,758 shares of the stock were exchanged, compared to its average volume of 9,095,138. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock has a 50-day moving average price of $160.05 and a 200-day moving average price of $169.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $358.48 billion, a PE ratio of 31.34, a PEG 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 (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio (DPR) is currently 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.