Navalign LLC Has $419,000 Holdings in Oracle Co. (NYSE:ORCL)

Navalign LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,972 shares of the enterprise software provider’s stock after selling 213 shares during the quarter. Navalign LLC’s holdings in Oracle were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Orion Capital Management LLC bought a new stake in shares of Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings 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 acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares in the last quarter. Finally, Studio Investment Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $42,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several recent research reports. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, Evercore ISI decreased their price target on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.29 during trading on Thursday, reaching $125.56. 6,586,560 shares of the stock traded hands, compared to its average volume of 9,215,633. Oracle Co. has a 52-week low of $89.71 and a 52-week high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day moving average of $116.38 and a 200-day moving average of $111.47. The stock has a market capitalization of $345.10 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. Analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is currently owned by insiders.

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.