OVERSEA CHINESE BANKING Corp Ltd Sells 7,793 Shares of Oracle Co. (NYSE:ORCL)

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in Oracle Co. (NYSE:ORCL) by 65.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,116 shares of the enterprise software provider’s stock after selling 7,793 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Oracle were worth $434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new position in Oracle during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC raised its holdings in Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE:ORCL opened at $114.88 on Monday. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The firm has a market cap of $315.75 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The firm’s fifty day moving average is $119.23 and its 200-day moving average is $112.95.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. Piper Sandler dropped their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. KeyCorp started coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Oppenheimer began coverage on shares of Oracle in a research note on Thursday. They issued a “market perform” rating on the stock. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 42.80% 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.