Oracle Co. (NYSE:ORCL) Position Cut by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,019 shares of the enterprise software provider’s stock after selling 2,149 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Oracle were worth $3,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investment Management LLC bought a new position in Oracle during the 4th quarter valued at $239,000. Family Firm Inc. boosted its stake in Oracle by 29.2% during the 4th quarter. Family Firm Inc. now owns 1,569 shares of the enterprise software provider’s stock valued at $262,000 after purchasing an additional 355 shares in the last quarter. Copperwynd Financial LLC bought a new position in Oracle during the 4th quarter valued at $1,450,000. Greykasell Wealth Strategies Inc. bought a new position in Oracle during the 4th quarter valued at $650,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in Oracle during the 4th quarter valued at $2,200,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 1.2 %

Shares of ORCL opened at $149.36 on Friday. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07. The stock’s 50-day moving average price is $165.80 and its 200 day moving average price is $169.41.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.34%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald cut their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup decreased their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Piper Sandler cut their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.71.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

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.