Obermeyer Wood Investment Counsel Lllp Has $17.88 Million Stock Position in Oracle Co. (NYSE:ORCL)

Obermeyer Wood Investment Counsel Lllp trimmed its stake in Oracle Co. (NYSE:ORCL) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,597 shares of the enterprise software provider’s stock after selling 1,657 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Oracle were worth $17,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Bison Wealth LLC lifted its position in shares of Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares in the last quarter. MONECO Advisors LLC raised its position in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after acquiring an additional 94 shares in the last quarter. Mascoma Wealth Management LLC raised its position in Oracle by 15.7% during the third quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock valued at $74,000 after acquiring an additional 95 shares in the last quarter. Everhart Financial Group Inc. raised its position in Oracle by 1.4% during the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after acquiring an additional 96 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its position in Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after acquiring an additional 98 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now 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 this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 2.2 %

Shares of Oracle stock traded down $2.67 during trading on Thursday, hitting $116.00. 6,656,497 shares of the company were exchanged, compared to its average volume of 8,598,674. The firm has a market capitalization of $318.83 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The firm’s fifty day moving average price is $119.28 and its 200 day moving average price is $112.78. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler decreased their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Oppenheimer began coverage on Oracle in a report on Thursday. They set a “market perform” rating for the company. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Erste Group Bank reissued a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, StockNews.com cut 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle 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.