Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in Oracle Co. (NYSE:ORCL) by 10.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 325,075 shares of the enterprise software provider’s stock after selling 37,736 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oracle were worth $34,273,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sandy Spring Bank raised its position in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after acquiring an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI raised its position in Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares in the last quarter. Quantum Private Wealth LLC bought a new position in Oracle during the third quarter valued at approximately $229,000. Cooper Financial Group raised its position in Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Oracle during the fourth quarter valued at approximately $171,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Up 0.6 %

ORCL opened at $120.62 on Wednesday. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week 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 firm’s fifty day moving average price is $119.25 and its two-hundred day moving average price is $112.73. The company has a market capitalization of $331.52 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.32 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share 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 firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.33%. Oracle’s dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

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 value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.80% of the company’s stock.

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.