Sage Mountain Advisors LLC Sells 176 Shares of Oracle Co. (NYSE:ORCL)

Sage Mountain Advisors LLC lessened its position in Oracle Co. (NYSE:ORCL) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,713 shares of the enterprise software provider’s stock after selling 176 shares during the period. Sage Mountain Advisors LLC’s holdings in Oracle were worth $2,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares during the period. RMR Wealth Builders lifted its position in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC lifted its position in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the period. Finally, Crews Bank & Trust bought a new position in Oracle during the fourth quarter valued at approximately $1,800,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $148.87 on Tuesday. Oracle Co. has a twelve month low of $111.18 and a twelve month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50-day moving average price is $167.27 and its 200-day moving average price is $169.58. The company has a market cap of $416.38 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.34%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Piper Sandler lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Company 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.