Ieq Capital LLC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Ieq Capital LLC cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,463 shares of the enterprise software provider's stock after selling 2,639 shares during the period. Ieq Capital LLC's holdings in Oracle were worth $24,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new stake in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its holdings in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the period. TFC Financial Management Inc. raised its position in shares of 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 buying an additional 120 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter valued at $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the fourth quarter worth about $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a research note on Tuesday, December 10th. KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business's 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Down 4.5 %

ORCL stock traded down $8.00 during trading on Friday, reaching $168.00. The company had a trading volume of 6,726,540 shares, compared to its average volume of 12,023,672. The business has a 50 day moving average of $169.10 and a 200 day moving average of $166.74. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $469.88 billion, a P/E ratio of 41.06, a PEG ratio of 3.57 and a beta of 1.05. Oracle Co. has a 52 week low of $109.66 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the company posted $1.34 EPS. The firm's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle's payout ratio is currently 39.12%.

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.