TD Private Client Wealth LLC Reduces Stock Position in Oracle Co. (NYSE:ORCL)

TD Private Client Wealth LLC lowered its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,484 shares of the enterprise software provider's stock after selling 2,271 shares during the period. TD Private Client Wealth LLC's holdings in Oracle were worth $3,080,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ORCL. Lee Danner & Bass Inc. grew its position in shares of Oracle by 1.3% during the 4th quarter. Lee Danner & Bass Inc. now owns 44,942 shares of the enterprise software provider's stock valued at $7,489,000 after acquiring an additional 573 shares during the period. Independent Solutions Wealth Management LLC grew its holdings in Oracle by 9.3% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 1,393 shares of the enterprise software provider's stock valued at $232,000 after purchasing an additional 119 shares during the period. DCF Advisers LLC increased its position in Oracle by 25.9% in the fourth quarter. DCF Advisers LLC now owns 36,500 shares of the enterprise software provider's stock worth $6,082,000 after buying an additional 7,500 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Oracle by 20.0% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 7,750 shares of the enterprise software provider's stock valued at $1,291,000 after buying an additional 1,289 shares during the period. Finally, Holderness Investments Co. lifted its position in shares of Oracle by 1.6% during the 4th quarter. Holderness Investments Co. now owns 50,081 shares of the enterprise software provider's stock valued at $8,345,000 after buying an additional 797 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

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Oracle Price Performance

NYSE ORCL traded down $1.28 during trading hours on Tuesday, reaching $153.59. 8,514,230 shares of the stock traded hands, compared to its average volume of 8,509,694. 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 stock has a 50 day simple moving average of $164.89 and a two-hundred day simple moving average of $170.36. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a market cap of $429.58 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. Oracle's dividend payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Piper Sandler lowered their price objective on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. UBS Group reissued a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Finally, Citigroup cut their price target on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $179.20.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by insiders.

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.