Charter Oak Capital Management LLC Has $411,000 Stock Position in Oracle Co. (NYSE:ORCL)

Charter Oak Capital Management LLC lessened its position in Oracle Co. (NYSE:ORCL) by 6.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,469 shares of the enterprise software provider’s stock after selling 165 shares during the period. Charter Oak Capital Management LLC’s holdings in Oracle were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. grew its stake in Oracle by 2.3% during the 4th quarter. Griffin Asset Management Inc. now owns 56,669 shares of the enterprise software provider’s stock valued at $9,443,000 after acquiring an additional 1,287 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its position in Oracle by 3.9% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 5,220 shares of the enterprise software provider’s stock valued at $870,000 after purchasing an additional 197 shares during the last quarter. Nilsine Partners LLC grew its stake in Oracle by 9.2% in the fourth quarter. Nilsine Partners LLC now owns 29,067 shares of the enterprise software provider’s stock valued at $4,844,000 after purchasing an additional 2,445 shares in the last quarter. Lebenthal Global Advisors LLC increased its position in Oracle by 9.2% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,782 shares of the enterprise software provider’s stock worth $1,630,000 after purchasing an additional 828 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after buying an additional 32,718 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

Oracle Stock Down 13.9 %

ORCL opened at $158.10 on Tuesday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a market capitalization of $442.19 billion, a P/E ratio of 38.65, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $174.41 and its two-hundred day moving average price is $162.79.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s dividend 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.