Lmcg Investments LLC Cuts Stock Position in Oracle Co. (NYSE:ORCL)

Lmcg Investments LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 10.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,461 shares of the enterprise software provider’s stock after selling 12,203 shares during the quarter. Oracle accounts for about 1.0% of Lmcg Investments LLC’s investment portfolio, making the stock its 24th largest holding. Lmcg Investments LLC’s holdings in Oracle were worth $14,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. boosted its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the period. Warther Private Wealth LLC boosted its holdings in Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after acquiring an additional 63 shares during the period. Howard Bailey Securities LLC boosted its holdings in Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after acquiring an additional 64 shares during the period. New England Capital Financial Advisors LLC boosted its holdings in Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after acquiring an additional 64 shares during the period. Finally, Cape ANN Savings Bank boosted its holdings in Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after acquiring an additional 65 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 in the last ninety days. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $168.17 on Thursday. The business’s fifty day simple moving average is $145.94 and its two-hundred day simple moving average is $160.87. 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 Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The company has a market cap of $470.36 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last released its quarterly 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 firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 earnings per share. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ORCL shares. Morgan Stanley dropped their target price on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $130.00 price objective (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

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.