Dover Advisors LLC Sells 989 Shares of Oracle Co. (NYSE:ORCL)

Dover Advisors LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,130 shares of the enterprise software provider’s stock after selling 989 shares during the period. Dover Advisors LLC’s holdings in Oracle were worth $646,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Northern Trust Corp boosted its position in Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after buying an additional 61,604 shares during the period. Invesco Ltd. boosted its position in Oracle by 1.1% in the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after buying an additional 89,876 shares during the period. Finally, Wellington Management Group LLP boosted its position in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated 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 link. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ORCL shares. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler lowered their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $2.32 during midday trading on Friday, reaching $117.21. The company’s stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. 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 firm has a market capitalization of $322.15 billion, a PE ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The stock has a fifty day moving average of $119.42 and a 200 day moving average of $113.16.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

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.