Cigna Investments Inc. New Sells 118 Shares of Oracle Co. (NYSE:ORCL)

Cigna Investments Inc. New reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 16,234 shares of the enterprise software provider’s stock after selling 118 shares during the period. Oracle accounts for 0.5% of Cigna Investments Inc. New’s portfolio, making the stock its 29th biggest holding. Cigna Investments Inc. New’s holdings in Oracle were worth $2,705,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORCL. R Squared Ltd bought a new stake in shares of Oracle in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in shares of Oracle in the third quarter worth approximately $44,000. Synergy Asset Management LLC bought a new position in shares of Oracle during the fourth quarter worth $47,000. Finally, Friedenthal Financial bought a new position in shares of Oracle during the third quarter worth $51,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

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

Oracle Stock Performance

ORCL opened at $178.97 on Tuesday. The firm’s fifty day simple moving average is $170.42 and its two-hundred day simple moving average is $164.68. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $500.58 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 3.39 and a beta of 1.05. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during 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%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Ratings Changes

Several research firms have commented on ORCL. Stifel Nicolaus increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets lifted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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 report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

About Oracle

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.