White Pine Capital LLC Sells 345 Shares of Oracle Co. (NYSE:ORCL)

White Pine Capital LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 10,564 shares of the enterprise software provider’s stock after selling 345 shares during the period. White Pine Capital LLC’s holdings in Oracle were worth $1,114,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Oracle in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake 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 worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the third quarter worth about $27,000. Cornerstone Planning Group LLC lifted its holdings in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale 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 Stock Performance

NYSE:ORCL traded up $2.32 during trading hours on Friday, reaching $117.21. The company had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. 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 $322.15 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01. The firm’s 50 day moving average price is $119.42 and its 200-day moving average price is $113.11.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC raised their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price 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.