M. Kulyk & Associates LLC Reduces Holdings in Oracle Co. (NYSE:ORCL)

M. Kulyk & Associates LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,054 shares of the enterprise software provider’s stock after selling 115 shares during the quarter. M. Kulyk & Associates LLC’s holdings in Oracle were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Howard Capital Management Group LLC lifted its holdings in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Oracle by 2.3% during the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock valued at $395,295,000 after purchasing an additional 53,128 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in Oracle during the third quarter valued at approximately $218,000. Finally, Summit Global Investments purchased a new position in Oracle during the third quarter valued at approximately $436,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Guggenheim reissued a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 3.3 %

ORCL stock opened at $155.89 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $111.18 and a twelve month high of $198.31. The stock has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The firm’s fifty day simple moving average is $167.63 and its two-hundred day simple moving average is $169.30.

Oracle (NYSE:ORCL) last issued its earnings results 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). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

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.