Oracle Co. (NYSE:ORCL) Stock Position Lowered by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,097 shares of the enterprise software provider’s stock after selling 150 shares during the period. Oracle makes up approximately 1.6% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 11th largest position. Cascade Investment Advisors Inc.’s holdings in Oracle were worth $2,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ORCL. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at $44,000. Avondale Wealth Management acquired a new position in shares of Oracle in the third quarter worth $51,000. Friedenthal Financial purchased a new stake in shares of Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management boosted its position in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of NYSE ORCL opened at $158.10 on Tuesday. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $174.41 and a 200 day simple moving average of $162.79. The firm has a market capitalization of $442.19 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Oracle’s dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ORCL. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Finally, Cantor Fitzgerald assumed coverage on Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by insiders.

About Oracle

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.