Sapient Capital LLC Has $1.64 Million Stock Position in Oracle Co. (NYSE:ORCL)

Sapient Capital LLC lowered its stake in Oracle Co. (NYSE:ORCL) by 2.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,075 shares of the enterprise software provider’s stock after selling 393 shares during the period. Sapient Capital LLC’s holdings in Oracle were worth $1,642,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Oracle in the 3rd quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in Oracle in the 1st quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new stake in Oracle in the 3rd quarter valued at about $27,000. Finally, Tidemark LLC bought a new stake in Oracle in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ORCL shares. Piper Sandler cut their price target 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. Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. KeyCorp started coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at this link. 42.80% of the stock is currently owned by corporate insiders.

Oracle Trading Down 2.4 %

NYSE ORCL traded down $2.74 on Tuesday, hitting $113.75. The company’s stock had a trading volume of 6,232,464 shares, compared to its average volume of 8,411,357. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1-year low of $93.85 and a 1-year high of $132.77. The company’s 50-day moving average is $119.63 and its 200 day moving average is $113.25. The firm has a market cap of $312.64 billion, a PE ratio of 30.01, a PEG ratio of 2.35 and a beta of 1.01.

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 the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue was up 7.1% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 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.