Oracle Co. (NYSE:ORCL) Shares Sold by AllSquare Wealth Management LLC

AllSquare Wealth Management LLC cut its stake in Oracle Co. (NYSE:ORCL) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,227 shares of the enterprise software provider’s stock after selling 120 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Oracle were worth $538,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.2 %

Shares of NYSE:ORCL opened at $152.78 on Friday. The firm’s 50-day moving average is $164.90 and its two-hundred day moving average is $169.77. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The firm has a market capitalization of $427.31 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. Analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.31%. Oracle’s dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on ORCL shares. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Piper Sandler cut their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

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.