M. Kraus & Co Sells 67 Shares of Oracle Co. (NYSE:ORCL)

M. Kraus & Co reduced its position in shares of Oracle Co. (NYSE:ORCL) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,099 shares of the enterprise software provider’s stock after selling 67 shares during the period. M. Kraus & Co’s holdings in Oracle were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Oracle by 0.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 36,783 shares of the enterprise software provider’s stock worth $6,130,000 after buying an additional 183 shares during the last quarter. Park Avenue Securities LLC raised its position in Oracle by 22.5% in the fourth quarter. Park Avenue Securities LLC now owns 29,095 shares of the enterprise software provider’s stock worth $4,848,000 after acquiring an additional 5,352 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Oracle by 68.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 638,449 shares of the enterprise software provider’s stock worth $106,391,000 after purchasing an additional 259,223 shares during the last quarter. San Luis Wealth Advisors LLC increased its position in Oracle by 1.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 5,375 shares of the enterprise software provider’s stock worth $896,000 after buying an additional 75 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in shares of Oracle in the fourth quarter valued at $1,066,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL opened at $156.34 on Wednesday. The company has a market capitalization of $437.28 billion, a P/E ratio of 38.22, a P/E/G ratio of 3.39 and a beta of 1.06. The business’s 50-day moving average is $176.99 and its two-hundred day moving average is $161.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $105.42 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Oracle 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.