Fiduciary Group LLC Sells 115 Shares of Oracle Co. (NYSE:ORCL)

Fiduciary Group LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 46,465 shares of the enterprise software provider’s stock after selling 115 shares during the quarter. Fiduciary Group LLC’s holdings in Oracle were worth $4,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Oracle in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its stake in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 2.0 %

Shares of NYSE:ORCL traded up $2.32 during trading hours on Friday, hitting $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 firm’s fifty day moving average price is $119.42 and its 200 day moving average price is $113.13. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The company has a market capitalization of $322.15 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. As a group, research analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORCL shares. Piper Sandler decreased their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.