MONECO Advisors LLC Decreases Stake in Oracle Co. (NYSE:ORCL)

MONECO Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,359 shares of the enterprise software provider’s stock after selling 306 shares during the quarter. MONECO Advisors LLC’s holdings in Oracle were worth $881,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Orion Capital Management LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the third quarter worth $27,000. Tidemark LLC bought a new position in shares of Oracle during the fourth quarter worth about $29,000. Nordwand Advisors LLC acquired a new position in Oracle in the fourth quarter worth about $30,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Oracle in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 880,000 shares of company stock worth $110,488,150. Company insiders own 42.80% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $141.34 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The business’s 50-day moving average price is $121.38 and its 200 day moving average price is $116.30. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $142.40. The firm has a market cap of $388.47 billion, a P/E ratio of 38.10, a PEG ratio of 2.47 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analysts Set New Price Targets

A number of research analysts have commented on ORCL shares. TD Cowen increased their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. JMP Securities restated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Stifel Nicolaus lifted their price objective on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Piper Sandler lifted their target price on Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group upped their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $144.17.

Oracle Profile

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.