Regatta Capital Group LLC Sells 632 Shares of Oracle Co. (NYSE:ORCL)

Regatta Capital Group LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,548 shares of the enterprise software provider’s stock after selling 632 shares during the period. Regatta Capital Group LLC’s holdings in Oracle were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. M3 Advisory Group LLC grew its stake in Oracle by 3.8% in the fourth quarter. M3 Advisory Group LLC now owns 3,254 shares of the enterprise software provider’s stock valued at $542,000 after purchasing an additional 120 shares during the last quarter. Vista Investment Partners LLC boosted its holdings in shares of Oracle by 0.7% in the 4th quarter. Vista Investment Partners LLC now owns 35,043 shares of the enterprise software provider’s stock valued at $5,840,000 after buying an additional 259 shares in the last quarter. Park Edge Advisors LLC boosted its holdings in shares of Oracle by 37.2% in the 4th quarter. Park Edge Advisors LLC now owns 6,843 shares of the enterprise software provider’s stock valued at $1,140,000 after buying an additional 1,857 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Oracle by 4.3% during the 4th quarter. First Citizens Bank & Trust Co. now owns 72,166 shares of the enterprise software provider’s stock worth $12,026,000 after acquiring an additional 2,975 shares in the last quarter. Finally, Duncan Williams Asset Management LLC lifted its position in Oracle by 141.1% during the fourth quarter. Duncan Williams Asset Management LLC now owns 3,076 shares of the enterprise software provider’s stock valued at $513,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ORCL shares. Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $183.59 on Friday. The company has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The business’s 50 day moving average is $174.41 and its two-hundred day moving average is $162.49. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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 analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is currently owned by insiders.

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.