Abbrea Capital LLC Sells 125 Shares of Oracle Co. (NYSE:ORCL)

Abbrea Capital LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,372 shares of the enterprise software provider’s stock after selling 125 shares during the period. Oracle comprises 1.0% of Abbrea Capital LLC’s portfolio, making the stock its 24th largest position. Abbrea Capital LLC’s holdings in Oracle were worth $6,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. International Assets Investment Management LLC increased its position in shares of Oracle by 3.2% during the third quarter. International Assets Investment Management LLC now owns 4,717 shares of the enterprise software provider’s stock valued at $494,000 after buying an additional 147 shares during the period. BTC Capital Management Inc. increased its position in shares of Oracle by 70.1% during the third quarter. BTC Capital Management Inc. now owns 7,650 shares of the enterprise software provider’s stock valued at $810,000 after buying an additional 3,152 shares during the period. Meridian Wealth Management LLC increased its position in shares of Oracle by 2.7% during the third quarter. Meridian Wealth Management LLC now owns 20,051 shares of the enterprise software provider’s stock valued at $2,124,000 after buying an additional 534 shares during the period. Sander Capital Advisors Inc. grew its holdings in Oracle by 74.5% in the third quarter. Sander Capital Advisors Inc. now owns 48,869 shares of the enterprise software provider’s stock worth $5,176,000 after purchasing an additional 20,869 shares during the period. Finally, Strategic Blueprint LLC grew its holdings in Oracle by 5.1% in the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock worth $432,000 after purchasing an additional 197 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. Piper Sandler cut their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. BMO Capital Markets increased their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 42.80% of the company’s stock.

Oracle Trading Up 2.0 %

ORCL traded up $2.32 on Friday, reaching $117.21. 8,253,919 shares of the company traded hands, compared to its average volume of 8,476,793. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market cap of $322.15 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The firm has a fifty day simple moving average of $119.30 and a two-hundred day simple moving average of $113.06.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping 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 company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. Oracle’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is 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.