Mogy Joel R Investment Counsel Inc. Sells 668 Shares of Oracle Co. (NYSE:ORCL)

Mogy Joel R Investment Counsel Inc. cut its position in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,161 shares of the enterprise software provider’s stock after selling 668 shares during the period. Oracle comprises about 1.3% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 23rd largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Oracle were worth $16,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Consolidated Planning Corp grew its position in Oracle by 3.5% in the fourth quarter. Consolidated Planning Corp now owns 6,543 shares of the enterprise software provider’s stock valued at $690,000 after acquiring an additional 221 shares during the period. Alliance Wealth Advisors LLC UT grew its position in Oracle by 4.0% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 7,776 shares of the enterprise software provider’s stock valued at $820,000 after acquiring an additional 299 shares during the period. Brio Consultants LLC grew its holdings in shares of Oracle by 4.1% during the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the last quarter. Private Wealth Partners LLC grew its holdings in shares of Oracle by 8.3% during the fourth quarter. Private Wealth Partners LLC now owns 19,794 shares of the enterprise software provider’s stock worth $2,087,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Valmark Advisers Inc. grew its holdings in shares of Oracle by 2.9% during the fourth quarter. Valmark Advisers Inc. now owns 3,967 shares of the enterprise software provider’s stock worth $418,000 after purchasing an additional 110 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORCL. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp assumed coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Piper Sandler cut their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Performance

Shares of ORCL stock traded up $2.32 during trading on Friday, hitting $117.21. The company’s stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The company has a market cap of $322.15 billion, a PE ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a fifty day moving average of $119.42 and a 200-day moving average of $113.11. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the company earned $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued 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 dividend payout ratio (DPR) is 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.80% of the stock is owned by corporate 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.