Arlington Partners LLC Sells 2,772 Shares of Oracle Co. (NYSE:ORCL)

Arlington Partners LLC cut its stake in Oracle Co. (NYSE:ORCL) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,665 shares of the enterprise software provider’s stock after selling 2,772 shares during the quarter. Arlington Partners LLC’s holdings in Oracle were worth $4,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth approximately $44,000. Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter worth approximately $47,000. Finally, Friedenthal Financial bought a new stake in Oracle during the 3rd quarter worth approximately $51,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 1.3 %

Shares of Oracle stock opened at $174.53 on Monday. The business has a fifty day simple moving average of $170.42 and a two-hundred day simple moving average of $164.50. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a market capitalization of $488.15 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ORCL shares. Stifel Nicolaus increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 price target for the company. Finally, Piper Sandler raised their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.