Rockbridge Investment Management LCC Has $1.25 Million Holdings in Oracle Co. (NYSE:ORCL)

Rockbridge Investment Management LCC trimmed its stake in Oracle Co. (NYSE:ORCL) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,492 shares of the enterprise software provider’s stock after selling 842 shares during the period. Rockbridge Investment Management LCC’s holdings in Oracle were worth $1,248,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter worth about $34,000. TFC Financial Management Inc. raised its position in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle in the 4th quarter worth about $47,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler decreased their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley cut their price target on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets lowered their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

Oracle Stock Down 4.0 %

ORCL opened at $147.71 on Thursday. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm has a market capitalization of $413.15 billion, a P/E ratio of 36.12, a PEG ratio of 3.46 and a beta of 1.07. The company’s 50-day moving average is $164.62 and its 200 day moving average is $170.28. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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

Oracle Increases Dividend

The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

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.