Stockman Wealth Management Inc. Sells 345 Shares of Oracle Co. (NYSE:ORCL)

Stockman Wealth Management Inc. cut its position in Oracle Co. (NYSE:ORCL) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,129 shares of the enterprise software provider’s stock after selling 345 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Oracle were worth $646,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle in the third quarter valued at $27,000. Cornerstone Planning Group LLC grew its position in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Price Performance

NYSE ORCL traded down $0.35 on Monday, reaching $114.53. 7,114,841 shares of the company’s stock traded hands, compared to its average volume of 8,575,069. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day simple moving average of $119.21 and a 200 day simple moving average of $113.00. The stock has a market cap of $314.79 billion, a PE ratio of 30.22, a P/E/G ratio of 2.30 and a beta of 1.01.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

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.