Montag A & Associates Inc. Cuts Holdings in Oracle Co. (NYSE:ORCL)

Montag A & Associates Inc. lowered its holdings in Oracle Co. (NYSE:ORCL) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 27,331 shares of the enterprise software provider’s stock after selling 1,211 shares during the period. Montag A & Associates Inc.’s holdings in Oracle were worth $4,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. R Squared Ltd bought a new stake in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew 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 acquiring an additional 87 shares during the period. TFC Financial Management Inc. increased its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at about $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the fourth quarter worth about $47,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

NYSE:ORCL opened at $173.50 on Friday. The business’s 50-day moving average is $169.33 and its 200 day moving average is $165.59. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market capitalization of $485.27 billion, a P/E ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. 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.