Regent Peak Wealth Advisors LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 75.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,182 shares of the enterprise software provider’s stock after selling 18,745 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Oracle were worth $433,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ORCL. Johnson Midwest Financial LLC bought a new position in shares of Oracle in the 4th quarter worth $26,000. RWM Asset Management LLC bought a new position in Oracle during the 4th quarter worth approximately $30,000. Cowa LLC acquired a new position in Oracle during the fourth quarter valued at approximately $30,000. Kathmere Capital Management LLC acquired a new stake in Oracle in the third quarter worth $31,000. Finally, Oder Investment Management LLC bought a new position in shares of Oracle during the fourth quarter worth $31,000. 47.54% of the stock is owned by hedge funds and other institutional investors.
Oracle stock traded up $0.64 during midday trading on Tuesday, hitting $77.97. 355,916 shares of the company’s stock were exchanged, compared to its average volume of 12,669,851. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $224.83 billion, a PE ratio of 23.70, a P/E/G ratio of 1.79 and a beta of 0.76. The firm has a 50-day moving average of $72.88 and a two-hundred day moving average of $64.35. Oracle Co. has a 12 month low of $50.86 and a 12 month high of $80.21.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th were issued a $0.32 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, April 7th. Oracle’s dividend payout ratio (DPR) is currently 36.99%.
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Friday, March 5th. The stock was sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the transaction, the insider now directly owns 400,000 shares in the company, valued at approximately $28,012,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Safra Catz sold 1,013,000 shares of the stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $66.42, for a total value of $67,283,460.00. Following the completion of the sale, the chief executive officer now owns 1,778,592 shares of the company’s stock, valued at $118,134,080.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,508,000 shares of company stock valued at $306,882,810. 39.10% of the stock is owned by insiders.
Several research analysts have weighed in on ORCL shares. Monness Crespi & Hardt lifted their target price on Oracle from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, March 11th. Credit Suisse Group upped their target price on shares of Oracle from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 17th. Jefferies Financial Group set a $65.00 price target on Oracle and gave the company a “neutral” rating in a report on Thursday, March 11th. Societe Generale reissued a “hold” rating on shares of Oracle in a research report on Wednesday, March 17th. Finally, Barclays upgraded shares of Oracle from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $80.00 in a report on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $71.36.
Oracle Company Profile
Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.
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