Richard C. Young & CO. LTD. Sells 134 Shares of Oracle Co. (NYSE:ORCL)

Richard C. Young & CO. LTD. cut its position in Oracle Co. (NYSE:ORCL) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,416 shares of the enterprise software provider’s stock after selling 134 shares during the quarter. Oracle accounts for about 1.9% of Richard C. Young & CO. LTD.’s holdings, making the stock its 19th biggest holding. Richard C. Young & CO. LTD.’s holdings in Oracle were worth $17,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ORCL. R Squared Ltd acquired a new stake in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in shares of Oracle during the third quarter worth about $44,000. Synergy Asset Management LLC acquired a new position in shares of Oracle in the fourth quarter worth approximately $47,000. Finally, Avondale Wealth Management bought a new stake in Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related 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 transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on ORCL shares. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $174.53 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $170.42 and a 200 day simple moving average of $164.35. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The firm has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

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.