Twin City Private Wealth LLC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Twin City Private Wealth LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,523 shares of the enterprise software provider’s stock after selling 325 shares during the period. Oracle makes up 1.5% of Twin City Private Wealth LLC’s holdings, making the stock its 23rd biggest holding. Twin City Private Wealth LLC’s holdings in Oracle were worth $1,753,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in Oracle in the fourth quarter valued at $117,000. Emerald Advisers LLC bought a new stake in Oracle in the fourth quarter valued at $441,000. Vanguard Group Inc. boosted its holdings in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Haverford Financial Services Inc. boosted its holdings in Oracle by 0.4% in the fourth quarter. Haverford Financial Services Inc. now owns 95,444 shares of the enterprise software provider’s stock valued at $15,905,000 after acquiring an additional 403 shares in the last quarter. Finally, Napatree Capital LLC bought a new stake in Oracle in the fourth quarter valued at $217,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. Evercore ISI cut their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets cut their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a report on Wednesday, March 5th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.20.

Oracle Price Performance

Shares of NYSE:ORCL opened at $152.83 on Monday. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The business has a 50-day simple moving average of $164.87 and a two-hundred day simple moving average of $170.27. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $427.45 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $1.41 EPS. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 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.