Brighton Jones LLC Cuts Stock Position in Oracle Co. (NYSE:ORCL)

Brighton Jones LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,398 shares of the enterprise software provider’s stock after selling 123 shares during the quarter. Brighton Jones LLC’s holdings in Oracle were worth $7,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. DNB Asset Management AS raised its position in shares of Oracle by 313.4% in the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock worth $186,255,000 after acquiring an additional 1,339,311 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Oracle by 26,602.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after acquiring an additional 1,254,833 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Oracle by 35.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after acquiring an additional 825,030 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Piper Sandler cut their target price 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 analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

NYSE ORCL traded down $2.74 during trading hours on Tuesday, reaching $113.75. The company’s stock had a trading volume of 6,232,464 shares, compared to its average volume of 8,411,357. The firm’s 50-day moving average price is $119.52 and its 200-day moving average price is $113.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The company has a market capitalization of $312.64 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the firm earned $0.96 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. Oracle’s dividend payout ratio (DPR) 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.