Truvestments Capital LLC Sells 895 Shares of Oracle Co. (NYSE:ORCL)

Truvestments Capital LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 4.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,438 shares of the enterprise software provider’s stock after selling 895 shares during the quarter. Oracle makes up approximately 0.8% of Truvestments Capital LLC’s investment portfolio, making the stock its 25th biggest position. Truvestments Capital LLC’s holdings in Oracle were worth $3,239,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Hopwood Financial Services Inc. bought a new position in shares of Oracle during the fourth quarter worth about $262,000. Farther Finance Advisors LLC increased its holdings in Oracle by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 48,654 shares of the enterprise software provider’s stock worth $8,108,000 after purchasing an additional 6,588 shares in the last quarter. Hollencrest Capital Management increased its holdings in Oracle by 4.2% in the fourth quarter. Hollencrest Capital Management now owns 6,565 shares of the enterprise software provider’s stock worth $1,094,000 after purchasing an additional 264 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Oracle by 3.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 14,727 shares of the enterprise software provider’s stock worth $2,454,000 after purchasing an additional 426 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Oracle by 0.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 211,889 shares of the enterprise software provider’s stock worth $35,309,000 after purchasing an additional 1,527 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. Piper Sandler lowered their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday. Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday. DA Davidson reiterated a “neutral” rating and issued a $150.00 target price on shares of Oracle in a report on Tuesday. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $178.92.

Oracle Stock Down 3.0 %

ORCL stock opened at $144.29 on Wednesday. The stock’s fifty day simple moving average is $166.82 and its two-hundred day simple moving average is $169.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The stock has a market cap of $403.58 billion, a P/E ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. Oracle’s payout ratio is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.