PineStone Asset Management Inc. Cuts Stake in Oracle Co. (NYSE:ORCL)

PineStone Asset Management Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,589,233 shares of the enterprise software provider’s stock after selling 7,133 shares during the period. Oracle comprises 4.0% of PineStone Asset Management Inc.’s portfolio, making the stock its 8th largest position. PineStone Asset Management Inc.’s holdings in Oracle were worth $431,470,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ORCL. Principal Financial Group Inc. raised its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. raised its position in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after acquiring an additional 1,069 shares in the last quarter. RMR Wealth Builders lifted its stake in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in Oracle in the fourth quarter worth $1,800,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.2 %

Shares of Oracle stock opened at $173.50 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $485.27 billion, a PE ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company’s fifty day simple moving average is $169.69 and its 200-day simple moving average is $165.35.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared 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 of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ORCL shares. Piper Sandler upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. KeyCorp raised their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.