Scott & Selber Inc. Sells 333 Shares of Oracle Co. (NYSE:ORCL)

Scott & Selber Inc. trimmed its holdings in Oracle Co. (NYSE:ORCL) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,499 shares of the enterprise software provider’s stock after selling 333 shares during the quarter. Scott & Selber Inc.’s holdings in Oracle were worth $3,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC boosted its holdings in 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 acquiring an additional 87 shares during the last quarter. TFC Financial Management Inc. increased its position in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter worth about $47,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Oracle during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Morgan Stanley increased their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 2.5 %

ORCL stock opened at $161.91 on Tuesday. The business has a 50-day moving average of $168.79 and a 200-day moving average of $169.01. Oracle Co. has a fifty-two week low of $110.36 and a fifty-two week high of $198.31. The stock has a market capitalization of $452.86 billion, a P/E ratio of 39.59, a P/E/G ratio of 3.46 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 released its quarterly 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 last year, the company earned $1.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.