BigSur Wealth Management LLC Sells 201 Shares of Oracle Co. (NYSE:ORCL)

BigSur Wealth Management LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,413 shares of the enterprise software provider’s stock after selling 201 shares during the period. BigSur Wealth Management LLC’s holdings in Oracle were worth $235,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. State Street Corp lifted its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC raised its stake in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. lifted its holdings in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Sanford C. Bernstein lifted their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Piper Sandler upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

Shares of Oracle stock opened at $161.05 on Monday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The stock’s fifty day moving average is $175.44 and its two-hundred day moving average is $161.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. As a group, analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s payout ratio is 39.12%.

Oracle Company 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.