Desjardins Global Asset Management Inc. Sells 20,582 Shares of Oracle Co. (NYSE:ORCL)

Desjardins Global Asset Management Inc. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 68.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,496 shares of the enterprise software provider’s stock after selling 20,582 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Oracle were worth $1,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Wealth Alliance grew its holdings in shares of Oracle by 2.7% during the 4th quarter. Wealth Alliance now owns 12,690 shares of the enterprise software provider’s stock worth $1,338,000 after acquiring an additional 336 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in shares of Oracle by 3.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 7,749 shares of the enterprise software provider’s stock valued at $817,000 after buying an additional 253 shares in the last quarter. Main Street Research LLC grew its position in shares of Oracle by 3.1% in the 4th quarter. Main Street Research LLC now owns 189,851 shares of the enterprise software provider’s stock worth $20,016,000 after buying an additional 5,662 shares during the period. Octavia Wealth Advisors LLC increased its stake in shares of Oracle by 2.1% in the 4th quarter. Octavia Wealth Advisors LLC now owns 5,865 shares of the enterprise software provider’s stock worth $618,000 after acquiring an additional 118 shares in the last quarter. Finally, DGS Capital Management LLC boosted its stake in Oracle by 7.0% during the fourth quarter. DGS Capital Management LLC now owns 4,822 shares of the enterprise software provider’s stock worth $508,000 after acquiring an additional 315 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Down 1.6 %

NYSE ORCL opened at $118.67 on Thursday. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market capitalization of $326.16 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. The stock’s 50-day moving average price is $119.28 and its 200-day moving average price is $112.78.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Oracle’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Piper Sandler lowered their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Finally, William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.